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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (63057)4/30/2005 2:10:16 AM
From: energyplay  Read Replies (1) | Respond to of 74559
 
For some reason I get the sneaking suspicion that China central banks and US Fed are cooking up a SURPRISE for all the speculators who want the RMB up and USD down.

China holds a bunch of USD, which they are using to fix the banking system...why would they want to make it less valuble relative to RMB debt RIGHT NOW ?

It is also possible Alan Greenspan, KBE, wants to go out with a big success...

I think a lot of speculators may be MIS UNDERESTIMATING the parties involved.



To: TobagoJack who wrote (63057)4/30/2005 2:18:58 AM
From: Cogito Ergo Sum  Respond to of 74559
 
giving the American politicians what they asked for, a RMB devaluation. :o)