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#1
10-18-2007, 06:04 AM
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Japan and China lead flight from the dollar
http://www.telegraph.co.uk/money/mai...cnchina116.xml
Anybody with knowledge of the subject want to analyze this for me? 
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#3
10-18-2007, 08:40 AM
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Re: Japan and China lead flight from the dollar
You silly americans put up a stink in congress when they try to spend american dollars on american assets. So they do the obvious thing and withdraw the money to invest elsewhere. Fortress America ftw hillary!
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#4
10-18-2007, 01:02 PM
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Re: Japan and China lead flight from the dollar
Nothing to worry about boys. CNBC said that a falling dollar is a good thing. [img]/images/graemlins/grin.gif[/img]
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#5
10-19-2007, 12:29 AM
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Re: Japan and China lead flight from the dollar
[ QUOTE ]
http://www.telegraph.co.uk/money/mai...cnchina116.xml Anybody with knowledge of the subject want to analyze this for me? [/ QUOTE ] It looks like they did a good job of analysis in that article. You seldom see that kind of piece in the U.S. press unfortunately.
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#6
10-19-2007, 12:38 AM
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Re: Japan and China lead flight from the dollar
[ QUOTE ]
http://www.telegraph.co.uk/money/mai...cnchina116.xml Anybody with knowledge of the subject want to analyze this for me? [/ QUOTE ] Peter Schiff, in his weekly call in radio show, said that the 200 billion dollar fund just set up by the Chinese central bank should be viewed as flight from the dollar as the money used to set it up is largely US treasuries. Thus nay money spent by the fund is them trading their dollars for commodities/companies/whatever they buy.
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