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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (10447)	1/3/2008 10:59:04 AM
From: The Wharf	Read Replies (1) \| Respond to of 24758

chinastakes.com PBoC's Two New Vice-Governors January 03,2008 by CSC staff Two new vice-governors has been appointed at the People’s Bank of China, China’s central bank. And one of them could be in charge of the all important monetary policy. Lately, the RMB exchange rate debate and the rising Chinese financial market have placed the People’s Banof China’s (PBOC) every move under the spotlight. With the conclusion of the seventeenth National Congress of the Communist Party and the forthcoming Two Conferences (the annual session of National People’s Congress and Chinese People’s Political Consultative Conference) in spring, the time is ripe for a personnel shift in PBOC. Ma Delun, assistant to the Governor of PBOC, has been promoted to Vice-Governor. Born in 1949, Ma Delun worked from 2001-2005 as a vice-chairman in the State Administration of Foreign Exchange (SAFE) and was then promoted to become the general assistant to the Governor of PBOC. By the time he was working in SAFE, there was already a large discussion about the RMB’s exchange rate and the government was already preparing to de-peg the RMB from the dollar and start the reform of exchange rate regime. It was at this time that China started collecting a large amount of foreign reserves. Just after the official announcement of Madelun’s promotion, the news came out that Yi Gang, another assistant to the Governor, had also been appointed the vice-governor. And Wu Xiaoling, the vice governor in charge of the monetary policy, is retiring. The respective portfolios of the two new vice-governors have yet to be officially clarified.. orientfortune.com “We must prevent real deposit rates from sliding into negative territory over an extended period,” Yi Gang said. “That would distort and harm the economy.” I think there is going to be a change in the monetary policy of China. Local inflation is a problem 2008 could be the birth of an Asian version of how to engineer based on AG concept and a far more aggressive/interfering PBOC

To: ahhaha who wrote (10447)	1/3/2008 1:16:14 PM
From: ahhaha	Read Replies (2) \| Respond to of 24758

Gold stocks aren't even rising on short covering. They're rising on pure sentiment which is equivalent in this case to the booked orders away. No one wants to buy, but fewer want to sell! Adam Smith called this the invisible hand (of God). We all know that FED will pump indirectly when they have no business doing so, whatever clowns like Bill Gross, Morningstar's Baby, would like to believe. Maybe the last thing to inflate will be gold after having gone into stocks in the late '90s, and RE since. The money has to be chased somewhere and that's where it went last time FED almost wrecked the financial system. I mean, imagine Gross, a fixed income manager, calling for rate cuts even if there's inflationary consequences. And, he wants to do it to save the housing market, not the debt market associated with housing, but the price market. He wants to get house prices rising again! He claims that the core rate is too high to get this going, but a lower one would do it. What a nincompoop. He must think a proper rate of appreciation can be engineered. I guess it tells you more about the competence of Morningstar's brownie point committee, who must have been inspired by the Nobel's committee's break through with Al Gore, than it tells you about the antics of a clown.