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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Iceberg who wrote (9776)10/27/1997 4:52:00 PM
From: derek cao  Read Replies (1) | Respond to of 70976
 
>Crazy, isn't it? Is this stupid, or what?

For the people who initiate the currency attack, it is a smart move. I bet they bought a ton of puts before they short the hongkong dollar. They are winner either way. It is stupid for hongkong central bank to insist on defending hongkong dollar. If you got a strong economy, why do you need to defend your currency?

derek

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