Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Trebor who wrote (2731)	1/11/1998 2:02:00 AM
From: wooden ships	Read Replies (3) \| Respond to of 42834

Bob: About that Asian flu...Bob Brinker states our market has already discounted it. However, has our market discounted the real possibility of Hong Kong's relinquishment of its currency's peg to the US dollar (US$1.00 ~ HK$7.8), or the possibility of further devaluation of Red China's yuan? If this peg is removed, a new round of "competitive devaluations" could result with further evaporation of Asian wealth and more financial instability in that region. Our US stock market may have adjusted to current Asian conditions, but the aforesaid scenario may not be, in my simple mind, presently discounted. Of course, such a scenario might not obtain in the future. Perhaps, the market forsees this. Howsoever, at this point, who can tell?