To: XBob
It's already happening. The overseas markets for metals and certain other commodities began a dramatic change late last summer - in August/September time frame and the dollar is plunging while prices have increased by about 40% already. The CRB has been rising for some time and the dollar has been falling for two years. The prices of oil and gasoline are up and we haven't even made a dent yet with the Chinese. The 8.3 Yuans still buys 1 dollar. It's going to be interesting moving forward.
To: Colorado Buckeye
146 - "and we haven't even made a dent yet with the Chinese. The 8.3 Yuans still buys 1 dollar. It's going to be interesting moving forward."
The Chinese have pulled a fast one and hard linked the value of the yuan to the dollar, so that as the dollar falls, so does the yuan, making their pricing even cheaper for the world, without impacting their US market prices.
150 posted on
04/13/2004 1:47:44 AM PDT by
XBob
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