Article

2007-11-18 Home Front Economy

Chinese TV to investors: dump the dollar

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by lotp 2007-11-18 00:00|| || Front Page|| [5 views ] Top

#1 Chinese TV equals government TV, so this sounds like the government has made some 'investements' that benefit from getting other suckers to dump their dollars.

Posted by Glenmore">Glenmore 2007-11-18 01:48|| 2007-11-18 01:48|| Front Page Top

#2 Since China's economy seems to be entirely based on export, I think this is a great idea. Is this how you control inflation in a 2rd world shithole?

Posted by bigjim-ky 2007-11-18 08:08|| 2007-11-18 08:08|| Front Page Top

#3 Very poor timing. Technical analysis indicates that the $USD bottomed on Wed, Nov 14 against the Euro at .68 and the US dollar index also set its final lows recently.

There is virtually no one left to jump on this bandwagon and as is typical in financial markets, once a trend becomes accepted as the conventional wisdom a reversal is on the way.

Watch how this performs over the next few weeks for confirmation:
PowerShares DB US Dollar Index Bullish (UUP)

Posted by Grumenk Philalzabod0723 2007-11-18 08:20|| 2007-11-18 08:20|| Front Page Top

#4 Please stay in touch Grumenk Philalzabod0723, sounds like you have serious insight.

Posted by Thomas Woof 2007-11-18 09:35|| 2007-11-18 09:35|| Front Page Top

#5 It would be wonderful for us if they do dump their dollars now. They would lose a ton of money in the deal, and we would be far more insulated if their economy nose dives.

Posted by Anonymoose 2007-11-18 13:03|| 2007-11-18 13:03|| Front Page Top

#6 Or it could be some Chinese MSM idiot who didn't get the memo. I agree with GP0723, the run on the dollar is probably over for now. But I look for the Chinese to try again next October, as described in the other dollar thread.

Posted by Nimble Spemble 2007-11-18 13:33|| 2007-11-18 13:33|| Front Page Top

23:16 Mike
23:14 Barbara Skolaut
22:58 Mike
22:06 Procopius2k
21:48 Injun Flavise8457
21:38 Injun Flavise8457
21:36 GK
21:23 Zhang Fei
21:00 Frank G
20:56 Slappy
20:37 Frank G
20:32 trailing wife
20:32 Injun Flavise8457
20:29 Injun Flavise8457
20:19 Mike N.
20:19 Pappy
20:17 Anonymoose
20:11 Dave D.
19:59 Phinater Thraviger
19:59 eLarson
19:58 Nimble Spemble
19:52 Frank G
19:40 Slappy
19:40 Pappy