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E.Central MN | If you make the assumption that the worst of the sub-prime exposure is behind them, then you could look at these investments as being a good long term bet for the Chinese. When their govt changes from a fixed exchange rate to a floating currency its likely to increase relative to the $US, right? In that case they'd gain in value on the exchange rate. Plus they've got plenty of $US that they need to do something with, why not wash those dollars back to the US thru the financing industry? What do you think?
Edited by PeteMN 1/14/2008 16:37
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