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

To: TobagoJack who wrote (37693)	7/29/2008 12:22:38 AM
From: carranza2	Read Replies (1) \| Respond to of 217556

falling out of bed Why? I should have thought that the new Yuan stance - more emphasis on growth than on controlling inflation - would have been positive for stocks, real estate, etc.

To: TobagoJack who wrote (37693)	7/29/2008 1:50:19 PM
From: elmatador	Respond to of 217556

Former Morgan Stanley economist Andy Xie, writing in the Chinese magazine Caijing, says, “The US can monetize the losses from its financial crisis because the dollar is a global currency and monetization causes the dollar to depreciate, but not collapse. As international investors hold $16 trillion of US dollar financial assets, monetization is a preferred strategy for the US; foreigners may share one-third of the cost through inflation and dollar depreciation. To stop it, foreign investors should sell the US treasuries now to drive up the bond interest rate sky high, which would deter the Fed from printing money. So far, international investors, mainly central banks, are scared stiff and don’t know what to do. The US is taking advantage of the opportunity to stuff the world with its losses.” livemint.com