Thursday, July 21, 2005

China Severs Its Currency's Link to Dollar

Primer on my investment outlook

UNBELEIVABLE. I did not expect it to happen. Expect a slow sellof of US treasuries and long interest rates to head up. Also, there may be downward pressure on yields on the JPY and EUR bonds...
Malaysia has followed and India, Singapore and the rest of Asia will follow soon, I expect. Over the next few months, Asian currencies may strengthen while the EUR may drop.


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