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


To: Tommaso who wrote (13812)10/21/2004 11:51:08 AM
From: zonder  Respond to of 116555
 
Oh no, don't run out of pretzels! Pretzels are important. They are the world's last hope in case things go wrong next month -g-



To: Tommaso who wrote (13812)10/21/2004 12:07:04 PM
From: RealMuLan  Respond to of 116555
 
>>Maybe if they spend down their dollar reserves they will be better off when they do revalue.<<

This is what China has been doing recently<g>

I have a question though, why everyone was talking about China imports so many commodities, and few/no people talk about who are the end user of these commodities?



To: Tommaso who wrote (13812)10/21/2004 12:14:57 PM
From: Knighty Tin  Read Replies (1) | Respond to of 116555
 
T, The smart move would be for the Chinese to buy coal mines and copper mines and iron ore mines and corn fields, etc. with their dollars, then devalue and pay themselves more dollars for the stuff they bought.

Salvation Army was really uptight when I asked them to buy me a beer. Shoot, they were so huffy I didn't even mention the pretzels. <G>



To: Tommaso who wrote (13812)10/22/2004 8:32:48 AM
From: TobagoJack  Read Replies (3) | Respond to of 116555
 
Hello Tommaso, given that Canada does not even want China's USD for Noranda, no one, and not even the domestic Chinese will want a free-floated RMB. Should the RMB free float or wiggle within a wider trading band, it will most likely fall against the USD.

A sad statement on all fiat currencies.

Buy gold, hoard platinum, accumulate energy royalties, and short housing, I plead ;0)

Chugs, Jay