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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: w0z who wrote (4973)	3/6/1998 9:26:00 PM
From: Jess Beltz	Read Replies (2) \| Respond to of 10921

Bill, I continue to believe that China will have no choice but to devalue the Yuan. I say this because they are on track to phase out the ill-fated state run enterprises, and that will mean tremendous unemployment (the actual numbers are about twice those reported.) In addition, as mentioned, there is going to be some serious problems with inflation in Asia, and that will mean further weakening of the local currencies, and if the Chinese don't devalue the Yuan to remain competitive in export-trade related industries, there will be even more unemployment, which they can ill afford. I have no idea from where they will get the $1 trillion you mention, or how that will really help the Asian contagion. jess