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July 21, 2005


Fred Grott

Maybe I missed something in the NYT article..

China has ye tot adopy afully felxible current rate policy..

Since they still will not peg their currency higher it woudl seem this still encourages more buying of uS bonds to balance the system out just like their past policy..

Or did I miss something?

Alos, one has to be aware of who the biggest buyer is in the China market and that effect..ie China will not rock the boat with giant steps but baby ones..

Thus no dumping of US bonds anytime soon..

However, there is an exception..

If some countires economy becomes US like to alow Chian to switch from US bonds to other bonds..

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