Article

2004-02-29

China to ease upward pressure on renminbi

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Posted by rkb 2004-02-29 8:07:53 AM|| || Front Page|| [2 views since 2007-05-07] Top

#1 India and China are both feeling the pressure of massive inflows of foreign currencies. Neither economy has been reforming fast enough to absorb the rivers of dollars and euros being shoveled eastward by eager Western traders. The results are obvious: inflation coupled with a strengthening national currency. Here's an article that addresses the situation from an Indian nationalist perspective. India (just this month) has finally allowed its citizens to open foreign currency accounts without a license from the Reserve Bank of India. This is excellent news for US exporters. But it is not enough, and the essential future political adjustments for both countries will be substantial and traumatic.

Posted by mrp 2004-2-29 11:50:23 AM|| 2004-2-29 11:50:23 AM|| Front Page Top

#2 I don't go for all this high fa lutin stuff in currency matters. Currency is nothing but an idea, similar to stock. Brother Soros and a few friends have shortened the bejesus out of the dollar... an excellent short term move. I know these guys are smart, but so was Gould and Drew, I smell a setup for a Bear-Trap.

Posted by Shipman 2004-2-29 12:40:28 PM|| 2004-2-29 12:40:28 PM|| Front Page Top

#3 Everybody remember the Hunt brothers trying to corner the Silver market? Did such a fine job of it, too...

I think GW knows just what kind of a person George Soros is, and has a bit of a surprise in store for him. I'd love to see that massive blubbergut get it in the short hairs.

Posted by Old Patriot 2004-2-29 2:10:05 PM|| [http://users.codenet.net/mweather/default.htm] 2004-2-29 2:10:05 PM|| Front Page Top

#4 If I remember right,price of silver took a serious dump.

Posted by Raptor 2004-2-29 9:08:00 PM|| 2004-2-29 9:08:00 PM|| Front Page Top

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