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

To: Jess Beltz who wrote (5998)	6/23/1998 8:53:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 10921

Jess: Sabre rattling is a surprise? What do you expect from the Chinese with Clinton at the doorstep? They will threaten to play that card at least as long as Clinton is in the country. They will make Clinton sing their song with that one. The real issue is is it in the best interests of the Chinese to devalue. I don't think so. Those Chinese leaders see Indonesia. They want no part of that deal. The Indonesians are now world class rock throwers that rank right up there with the Palestinians. The Chinese leadership likes that law and order deal to the max. Moreover, withstanding the currency devaluation step would elevate the Chinese to world economic status. They crave world recognition. They would be viewed as outcasts by the US policymakers if they had Clinton over to show him a good time and have their dog and pony show only to stiff him after he leaves. Besides, I would think that other Asian currencies would depreciate as a result of Chinese devaluation anyway which would negate any competitive advantage the Chinese could have hoped to attain.