Re: [RT] The Dollar, RealTraders Email List Archive

Ben
----- Original Message -----
From: Timothy Morge
Date: Thursday, November 8, 2007 12:19 pm
Subject: Re: [RT] The Dollar
To: realtraders@xxxxxxxxxxxxxxx

> Ben:
>
> I agree they are not stupid. They were some of the
> finest traders in the world long before we were
> wearing anything but animal skins [we being Europeans
> that then came to America].
>
> That being said, they are a little like America in the
> expansion period of the 1920's. They are growing SO
> fast and have so few people compared to what they need
> to take advantage of all the wonderful profit
> potential sitting in their laps, they currently do not
> have the time, energy or people to do as surgical an
> allocation method as you described. They'd like
> to--trust me, I am constantly being asked to move my
> family because they want to build a very large new
> investment arm that would deal with nothing but market
> timing, investment timing and materials purchasing
> timing--but they are simply overwhelmed meeting the
> daily demands of keeping up with how fast eveything is
> growing and moving.
>
> That being said...They are NOT invested in the U.S. in
> a large way. Those days are over. They, along with the
> majority of pro U.S. Royals and several other ex major
> U.S. asset holders have been diversifying for some
> time. But the Chinese are not managing currency
> exposures for profits on a daily or weekly basis. Not
> yet. But they have lots of money. Lots.
>
> They're not stupid. They were just resting,
> waiting...and I believe it's safe to say they are
> awake now.
>
> Tim
> --- Ben wrote:
>
> > charles
> > they are FAR from being stupid
> > their goals are 2 fold
> > a: keep the buying power of their nation
> > b: make money
> > think of how much money they make daily buying low
> > and selling hi
> > ----- Original Message -----
> > From: Charles Meyer
> > To: realtraders@xxxxxxxxxxxxxxx
> > Sent: Thursday, November 08, 2007 8:19 AM
> > Subject: Re: [RT] The Dollar
> >
> >
> > Frankly, I would be shocked it their plan were
> > this
> > simplistic.
> > You'd think they would be more sophisticated; but
> > then
> > again
> > they may be naieve about the inter-workings of
> > capitalism.
> > Don't know really.
> >
> > chas
> > -----
> >
> > On Wed, 7 Nov 2007 20:05:50 -0800 (PST)
> > Timothy Morge wrote:
> > > Well, I would say that it's an interesting
> > theory. But
> > > not what the officials are doing with their
> > country's
> > > reserves. It's just not so. I had a very nice
> > dinner
> > > with the Minister of Finance in July--I have had
> > the
> > > pleasure of working with him on a consulting
> > basis for
> > > more than 20 years as he has risen in the ranks.
> > >
> > > Thier mix is certainly not conttrolled anywhere
> > near
> > > that closely and if you are implying they have
> > 25
> > > percent of their currency reserves or exposure
> > in the
> > > Canadian dollar, I'm sorry. You're incorrect by
> > quite
> > > a bit.
> > >
> > > I'm not trying to be argumentative, Ben, but
> > there are
> > > too many ill-founded rumorsm out there and this
> > mix
> > > idea is just wrong. They are using a much
> > blunter mix
> > > than this. You are making them out to be JP
> > Morgan--it
> > > just ain't so.
> > >
> > > Tim
> > > --- Ben wrote:
> > >
> > >> Hello Ira
> > >>
> > >> this is EXECtely what china goverment is doing
> > >>
> > >> they have 25% in euro
> > >> 25% in yen
> > >> 25% in usd
> > >> and 25% in cd
> > >> every day they eqalize the amount
> > >> if euro up they sell euro above 25% and buy the
> > week
> > >> currency to make the 25%
> > >> Ben
> > >> ----- Original Message -----
> > >> From: Ira
> > >> To: realtraders@xxxxxxxxxxxxxxx
> > >> Sent: Wednesday, November 07, 2007 3:16 PM
> > >> Subject: Re: [RT] The Dollar
> > >>
> > >>
> > >>
> > >> I have two targets below here. One at 74.50 and
> > a
> > >> long term target of 70.50. There is a rumor
> > that
> > >> China is moving a lot of its U.S. Dollar cash
> > >> reserves into Euros. This does not look good
> > for
> > >> the dollar if it is true. Who really knows what
> > the
> > >> Chinese government will do. There is one other
> > >> credit crises that hasn't been addressed out
> > side of
> > >> the lenders and that is the insurance
> > companies.
> > >> How many of them have put how much of your
> > premiums
> > >> into mortgage backed securities. Or just
> > mortgages
> > >> themselves. This will also impact the Dollar.
> > >> There is also a crises brewing with the NASCAR
> > Set.
> > >> How high will the price of beer go with the
> > >> increased cost of barley, hops and wheat?
> > Another
> > >> drain on the Christmas dollar. Maybe a six pack
> > >> gift will do.
> > >>
> > >> Ira
> > >> www.delta100.com
> > >> ----- Original Message -----
> > >> From: Jim White
> > >> To: realtraders@xxxxxxxxxxxxxxx
> > >> Sent: Wednesday, November 07, 2007 11:35 AM
> > >> Subject: [RT] The Dollar
> > >>
> > >>
> > >>
> > >> We may be near a turn in the dollar decline.
> > >> This week is a Near Impulse week for the dollar
> > and
> > >> Friday is a Near Impulse day which could mark
> > the
> > >> low.
> > >> Jim White
> > >> Pivot Research & Trading Co.
> > >> PivotTrader.com
> > >>
> > >>
> > >>
> > >>
> > >>
> > >>
> > >
> >
> ----------------------------------------------------------
> > >>
> > >>
> > >> No virus found in this incoming message.
> > >> Checked by AVG Free Edition.
> > >> Version: 7.5.503 / Virus Database:
> > 269.15.24/1115
> > >> - Release Date: 11/7/2007 9:21 AM
> > >>
> > >
> >
> >
> >
> >
> >
> >
> >
> -----------------------------------------------------------------
> -------------
> >
> >
> > No virus found in this incoming message.
> > Checked by AVG Free Edition.
> > Version: 7.5.503 / Virus Database: 269.15.25/1118
> > - Release Date: 11/8/2007 9:29 AM
> >
>
>