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

To: mishedlo who wrote (16419)	11/21/2004 1:32:18 AM
From: RealMuLan	Respond to of 116555

>>Yiwu, Given that he was at G20 meeting I would presume his view carries policy weight. Correct?<< Definitely. He was also the one who attended G7 meeting. They invited Hu, but China sent Zhou instead. Hopefully, he can talk those hot money out<g>. I read that there a couple of hundred billion waiting in HK banks for RMB appreciation. BTW, the car sale in China in this coming winter might be the worst in the last decade, but the major reasons for this are: 1) All car insurances now have 500 Yuan deductible (before there was none); 2) high oil price; 3) higher interest rate for savings so people feel money in the bank is better deal; 4) close to 30% of increase in car insurance premium; 5) cleaner standard for car exhaust.