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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (53332)	9/13/2004 9:44:34 PM
From: RealMuLan	Respond to of 74559

"Anything China demands, it inflates. Anything China produces, it deflates." <g> Message 20514987 ============================ "What worries me is that at some stage, and it might be many years hence, the peg will go, probably as the yuan becomes a floating currency and the anchor currency of the entire region. "At that point, the dollar could become fantastically vulnerable, a huge and wrenching adjustment being imposed on the US, with a real reduction in the value of the dollar as a reserve asset." nzherald.co.nz The key is that Chinese gov. has to increase their effort to redistribute some wealth to the majority (farmers) in order to keep the consumer demand and social stability in China. He-Wen now is on the right track.