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

To: Knighty Tin who wrote (13810)	10/21/2004 10:55:09 AM
From: Tommaso	Read Replies (4) \| Respond to of 116555

>>>Commodities will definitely go up in dollar terms, <<< Now that the Chinese are importing so many commodities, it must be clear to them that they can get an immediate price reduction simply by changing their exchange rate. I suppose one obstacle to this is that their dollar reserves would marked down. Maybe if they spend down their dollar reserves they will be better off when they do revalue. I guess my aim as an investor (or speculator) is to position myself to continue to easily afford the food, electricity, natural gas, and gasoline that I consume, and maybe to buy more and better services that I have been able to afford in the past. It is also fun to be in a position to give money away. You actually do get to meet more agreeable and interesting people if you buy high-priced tickets for an art gallery benefit than if you drink double shots of cheap whisky in a sleazy bar. Sorry, but I will take Chardonnay and sushi over Old Milwaukee and pretzels. And I really do believe in the Salvation Army. I like to support them. They are always there in case everything else runs out, including the beer and pretzels.