|
PureBytes Links
Trading Reference Links
|
Wait. China will be "forced" to float their currency to allow it to
appreciate? Why is that? A few years ago the thinking was that they were
going to wait until they were admitted into the WTO and then let their
currency tank. Have they turned things around? My understanding is that
their dollar peg has been a great boon to their economy as the dollar has
declined. The concern is that they are exporting (at the risk of getting
Simms over-excited) deflation because their manufacturing reach is so far
and wide.
Kent Rollins
----- Original Message -----
From: "EarlA" <earl.a@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, July 02, 2003 6:44 PM
Subject: Re: [RT] plausible scenario....??
Question hits the nail on the head! I think Euro gets 10-20% with the major
problem for the Euro being a weakening European economy. China will be
forced to float the Renmimbi (50%+- eventually) ... investing in dividend
paying Chinese H shares is a major theme of mine. Asian currencies generally
should appreciate against the dollar. So too should Australia and Canada.
Don't have an opinion on Central and South America but they are habitual
trouble spots so I wouldn't bet money on them.
The dollar will have a relatively orderly decline until the credit bubble
begins unwinding in earnest. The European and Asian currencies will be a
(relative) safe haven.
Earl
----- Original Message -----
From: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, July 02, 2003 1:41 PM
Subject: Re: [RT] plausible scenario....??
> In order for the dollar index to fall, other currencies have to rise.
Which
> other currencies do you think will rise and by how much?
>
> Kent
>
>
> ----- Original Message -----
> From: "EarlA" <earl.a@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, July 02, 2003 2:35 PM
> Subject: Re: [RT] plausible scenario....??
>
>
> I think that's an optimistic assumption but it's on the way.
>
> Earl
>
> ----- Original Message -----
> From: "Norman Winski" <nwinski@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, July 02, 2003 11:20 AM
> Subject: Re: [RT] plausible scenario....??
>
>
> MS,
>
> I think that long term, the US Dollar Index is headed to at least 88 and
> possibly
> 78.
>
> Regards,
>
> Norman
>
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Get A Free Psychic Reading! Your Online Answer To Life's Important Questions.
http://us.click.yahoo.com/Lj3uPC/Me7FAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|