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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (13212)	10/10/2004 10:32:23 AM
From: mishedlo	Read Replies (3) \| Respond to of 116555

Russ, I do not place ANY faith on sources outside China attempting to tell China what to do or what is best for China. China will repeg or float and it will be at a time of their choosing not ours and it porobably will be tied to rising internal demand for goods or rising world demand unrelated to the US consumer. Show me that demand as well as enough bank reforms that would permit it then lets talk about some sort of repeg. Right now, China is awash in speculation with its currency. If they repeg, wont that increase the amount of $ headed to China for "investment". China has too much investment right now and you have to admit that. Mish