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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 (10734)	3/23/2004 2:30:05 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

then China repegs another 5-10% down tough balancing act for Chinese leaders watch them convert USTBonds straight into EuroBonds and Gold You sound like a broken clock and a wrong one. How many times does China have to say it is not floating the RMB. What indication do you have that they are going to repeg either? You are stuck in a view that says commodity prices are going to "force" them to act. You sound just like everyone here who was wrong about gold "forcing" the FED to act, or CRB "forcing" the FED to act, or anything else "forcing" the FED to act. On what basis do you proclaim to know more about what China is likely to do that what they are saying they will do? As for me, I am not a stopped clock. I told you China will act if and when internal demand permits it. Everyone else keeps predicting SOON and I keep insisting NOT soon. On what basis do you think this is going to happen SOON? As for converting US bonds into EuroBonds I find that preposterous. Perhaps they buy less treasuries and more Eurobonds but there is no reason for them to wreck US treasuries as long as they have a peg to the US$. You never explain why they would want to do that. Even IF they did, why the F are they going to do it anytime soon? Why does JW know more about what is better for China than China does? I am willing to take Greenspan at his word that he will be patient. I am willing to take China at their word that they are not going to do what you insist they will. Why is it that people think they can outguess those that are actually making the god damn decisions when they are saying upfront what they will do and wont do? It makes no god damn sense. What about this trend do you fail to see? Finally EVEN IF they do what you suggest, tell me excatly how all the markets will react to it. I do not know and perhaps you do not either. Are Treasuries GUARANTEED to fall or will the FED step in and monetize like mad? Who knows? I think they will. Certainly if China starts buying gold, gold will go up, but I sure am not buying gold in the hopes that china starts selling off treasuries to buy gold any time soon. Wake me up when it all starts happening, in case I miss it. Mish