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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (2989)	12/8/2003 11:32:44 AM
From: Ramsey Su	Respond to of 110194

with such a need for capital for all kinds of projects within China, it seems to me the logical move is to borrow in US denominations to the max, or at least equal to the amount of US$ reserves. Then they can do whatever they want with the RMB and the net effect will be neutral. Too simplistic?

To: russwinter who wrote (2989)	12/8/2003 11:34:41 AM
From: TobagoJack	Respond to of 110194

given the shoddy state of PRC banking and all the money that needs to be printed, I really doubt any action on revaluation during 2004, and if I know my Chinese, during times of global economic storm, they would hold to the peg because they prefer to deal with the known rather than the unknown ... ... which bring us back to the issue of energy pricing in USD/RMB terms; with Saudi Arabia teetering, Iraq had better work out, else ... too ugly to think about ... the US and China and Japan are locked together in one chain gang, and if/when all three are destabilized at the same time, whether by the same global issues or by respective regional/local issues, ... argggg