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

To: Jim Willie CB who wrote (7668)	2/11/2004 12:48:50 PM
From: RealMuLan	Respond to of 110194

"But "the appreciation of China's currency, which many advocate as the main means to cool the bubble, would only encourage more speculation, as we saw in Southeast Asia," Xie says. "The resulting bigger bubble would make a hard landing inevitable." China may be presenting economists with a rare throw-away-the-textbooks situation. Established macroeconomic models hold that more exchange-rate flexibility will squeeze some air out of China's bubble and keep the economy from overheating. But freeing the yuan may do exactly the opposite. ..." Bloomberg News iht.com