Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: RealMuLan who wrote (28572)	4/26/2005 6:59:52 PM
From: siempre	Read Replies (1) \| Respond to of 116555

RealMuLan, this is the latest I have heard on China's plans for yuan revaluation......I'd be interested in your comments.. Bill Bonner, with more comments: *** More Chinese whispers. "Talk in China is that the Yuan will revalue next month 3% to 5%," writes Karim Rahemtulla from Beijing, where he's hosting a Supper Club venture capital foray into the bowels of the world's next giant economic superpower. "That's the scuttlebutt from several Chinese traders, CEOs ( party connected ) and a couple of fund managers," Karim continues, "It makes sense - there is absolutely no sense of urgency over here, but they are seeing some pressure from the threat of tariffs on textiles. It will not be some huge revaluation - 5% would be high - 3% more likely to pacify 'the West.' take it for what it's worth, if it happens, you will have the inside track on the number." Intrigued we were, so we put Tom Dyson on the case. He's currently mining our network of contacts on both sides of the Pacific trying to determine the eventual consequences of an unpegged yuan, both good and bad. ( We'll publish the Dysman's conclusions bright and early in tomorrow's Rude Awakening. ) dailyreckoning.com