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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (31542)	5/1/2005 7:58:41 PM
From: Tommaso	Read Replies (1) \| Respond to of 110194

>>>The USD represents good value here. <<< That is a very risky statement to make. The Canadian Dollar, among fiat currencies, is much more promising. The Canadian dollar is a call on natural resources--and also Canadian finance and fiscal policy has been much more responsible than that of the U. S. over the past few years. EDIT: Warren Buffet's remarks: Buffett: "We're like an incredibly rich family that owns so much land they can't travel to the ends of their domain. And they sit on the front porch and consume a little bit of everything that comes in, all the riches of the land, and they consume roughly 6 percent more than they produce. And they pay for it by selling off land at the edge of the landholdings that can't see. They trade away a little piece every day or take out a mortgage on a piece. "That scenario couldn't end well. And we, also, keep consuming more than we produce. It can go on a long time. The world has demonstrated a diminishing enthusiasm for dollars in the last few years as they get flooded with them – every day there's $2 billion more going out than in. I have a hard time thinking of any outcome from this that involves an appreciating dollar.

To: Taikun who wrote (31542)	5/1/2005 9:45:57 PM
From: Ramsey Su	Read Replies (3) \| Respond to of 110194

chinadaily.com.cn all pretty good points. I have no reason to doubt the numbers in the article. I still have no clue why our politicians are in such a hurry to push China into revaluing the RMB. The odds that it will hurt us is so high.