Spehro Pefhany
medicine forum beginner
Joined: 16 May 2005
Posts: 4
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 Posted: Mon May 16, 2005 12:22 am Post subject:
So much for the doom and gloomers
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On Sat, 07 May 2005 01:36:36 GMT, the renowned ausound
wrote:
| Quote: |
how's a 'bout if China un-pegs the renminbi from the dollar and floats
their currency?
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So they can buy more oil with their RMB? Price last time I was there
(a month ago) gas was around 4 kuai/litre depending on grade, or
slightly under US prices.
| Quote: | I would reckon the dominos would end up falling as well as the price of
oil? No?
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I think a 5-10% increase in the RMB would not have much effect on
anything. Maybe drive their consumption of imports up a bit, not
affect exports much. I doubt they'd be stupid enough to let it
appreciate like the Japanese let their currency go up, and anyway
Chinese trade is pretty close to balanced as it is.
Let's see-- if consumption hardly affected by price, then price can
keep rising (or falling). If supply is tight and if the only thing
that will reduce consumption is a recession or depression, how far
will they rise? Not sure I like where that's going. 8-(
Maybe there will be some good news out of Iraq for a change, and China
and the US will slow down a bit.
Best regards,
Spehro Pefhany
--
"it's the network..." "The Journey is the reward"
speff@interlog.com Info for manufacturers: http://www.trexon.com
Embedded software/hardware/analog Info for designers: http://www.speff.com |
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