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MarketVVizard's Market Thoughts: Re: From latest public Trimtabs [Dec 22]


  1. azxcvbnm

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Top 1.   Jan 16, 2004 9:34 AM

» azxcvbnm - Re: From latest public Trimtabs [Dec 22]

In response to message posted by MarketVVizard:

Too little is being made of the Yuan revaluation. It is sure to increase domestic US prices as almost everything is made in China these days. The initial revaluation looks to be from 8.8 Yuan = 1 dollar to 8.0 Yuan = 1 dollar, a 10% implied rise in the cost of Chinese goods. Now suppliers and wholesellers will probably absorb some of the initial price increases and increase prices gradually, but we've probably seen lows for manufactured goods.

-- posted by azxcvbnm


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