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To: Galirayo who wrote (7092)3/12/2005 1:11:19 PM
From: Ditchdigger  Respond to of 23958
 
When the numbers look bad, solution discredit them VBG...anything but address the problem..;^)DD
got to run, talk later...
U.S. probing China trade figure discrepancies
Friday, March 11, 2005 11:25:40 PM
forexstreet.com

WASHINGTON (AFX) - U.S. Treasury officials are examining differing numbers about China's trade surplus in an attempt to determine whether the Asian nation is manipulating its currency. China's global trade surplus as reported by its trading partners "differs markedly" from official Chinese statistics, according to a Treasury report to Congress. "Treasury is undertaking an investigation to see how this arises and what, if any, of the difference can be reconciled," the report said

The department is not accusing China or any other country of manipulating their currencies in the report released Friday. One factor behind the differing numbers may be that trade to and from China travels via Hong Kong, the report said. Hong Kong is a Chinese territory which operates under special administrative status. Treasury reviews exchange rates, trade balances and other economic indicators to determine if a country is misrepresenting its currency. China, Taiwan and South Korea manipulated their currencies during different periods between 1988 through 1994, according to the report. This story was supplied by MarketWatch



To: Galirayo who wrote (7092)3/12/2005 6:57:06 PM
From: Ken W  Read Replies (3) | Respond to of 23958
 
Ray

On your weekly crude chart...

stockcharts.com[w,a]wacayiay[df][pb50!h.02,.20!f][vc60][iut!Ub14!Up14,3,3]&pref=G

55 has been tested two or three times now and fallen back each time, building in resistance. RSI, STOCH's etc. are showing, even on the weekly chart, a very strong case for testing the 44 to 45 spot. Listen to the chatter on TV and you'll find that the momo guys are using words like "nice run, time to pull a little off the table." Another one is "unstainable". On another interesting note is that the budget resolution contains money for some exploration in the Anwar...If that can become an open field things will change dramaticlly...Hit a yuppie with 3.00 a gallon for SUV gas and they will personally go and rid the Anwar of Caribu......

Ken