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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 (25132)3/8/2005 7:11:32 PM
From: benwood  Read Replies (1) | Respond to of 116555
 
KT, that Korean finance minister getting ousted reminds me of the white house pencil pusher who was more or less ousted because his calculation of the prescription corporate welfare price tag was way too high. Because physical world reality diverged from the neo-con reality (they create their own realities, you know!), zap!! However, in the real world, denial didn't alter the outcome (if anything, it made it worse).

I view it as a stroke of luck that the new dollar policy leaked out of Korea at all, not that their stance (nor anybody else's for that matter) is a surprise. The real surprise has been the the length of the game. I suspect a lot of "diplomacy" was focused to end that finance ministers career.



To: Knighty Tin who wrote (25132)3/8/2005 7:36:16 PM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
Korea did NOT drop IMO

Mish



To: Knighty Tin who wrote (25132)3/9/2005 2:54:04 AM
From: Mark Adams  Read Replies (1) | Respond to of 116555
 
I keep wondering why nobody mentions decreasing the number of Yaun per dollar may ease the impact of higher USD priced resources on a growing chinese infrastructure buildout.

Seems like a no brainer for China, IMO.

Decreasing the number of Yuan per dollar. Must be a better way to word that. Getting less of something is bad, right?