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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (12552)	12/15/2006 8:37:26 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 218310

Big Ben is full of it. The renminbi doesn't need "revaluation". China is diluting it 15% a year and that's taking care of all sorts of matters, such as giving Hu Jintao and co a very large cash flow to play with during their economic expansion of enormous proportions. 15% is a good-enough annual devaluation. If the USA wasn't devaluing the dollar so fast with rapid dilution, then the renminbi wouldn't be "too high". Perhaps if Big Ben was to stop diluting the US$, then things would come right from his point of view. Mqurice