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To: marginmike who wrote (122152)	7/20/2005 1:31:54 PM
From: Jack of All Trades	Read Replies (2) \| Respond to of 209892

ok, but what impact on the markets? did you hear that they want to double the min payment on credit cards? there goes the housing market...

To: marginmike who wrote (122152)	7/20/2005 1:44:48 PM
From: ajtj99	Read Replies (1) \| Respond to of 209892

Um, I'll take the other side of that bet, mm.

To: marginmike who wrote (122152)	7/21/2005 7:16:45 AM
From: orkrious	Read Replies (1) \| Respond to of 209892

im going to make a prediction and say the chinese revalue in the next few days. Just a hunch what an incredible call.

To: marginmike who wrote (122152)	7/21/2005 7:43:59 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

You son of a gun, MM.... -bG. Some "hunch"! Congrats!

To: marginmike who wrote (122152)	7/21/2005 7:53:18 AM
From: skinowski	Respond to of 209892

Now, the question is - what does this mean? We here in US had - sort of - good thing going. Wonder if the jump in prices of Chinese imports won't discombobulate everything. On the first blush, this should be inflationary. But what happens if rates begin to increase? May knock out a good many ships out of the water.... RE and credit bubbles, inter alia.

To: marginmike who wrote (122152)	7/21/2005 8:24:27 AM
From: ajtj99	Read Replies (1) \| Respond to of 209892

No hunch, mm. It doesn't count when you already have the information <G>

To: marginmike who wrote (122152)	7/21/2005 9:21:03 AM
From: stkboy1	Read Replies (2) \| Respond to of 209892

You have Chinese contacts?....vbg Good call The Chinese government surprised markets by announcing that the yuan will now allowed to trade in a tight band against a basket of foreign currencies, but did not specify which ones. The government strengthened the yuan to a rate of 8.11 to the dollar, compared to the 8.28 it has been set at for more than a decade, to prepare for the float. The announcement immediately sent the yen higher, with the U.S. dollar falling to 111.33 yen, from over 112 yen just before the news broke and 113.06 in New York late Wednesday.