View Single Post
Re: China $$$ Coming This Way ?
Old 05-14-2007, 09:53 AM   #7
Thinks s/he gets paid by the post
MasterBlaster's Avatar
 
Join Date: Jun 2005
Posts: 1,919
Quote:
Originally Posted by dmpi
Remember Chinese currency has been kept low compared to the dollar. So when it comes time to buy US stocks, they are going to have to convert to American dollars. They won't like the deal they getting, which may limit their buying.
They don't need to buy any dollars, they already have trillions just sitting around. Ultimately those dollars are only good here in the US, so yes it just may power the markets higher.
MasterBlaster is offline   Reply With Quote