rainman

Pause For Concern On Chinese Currency ETN

1. the rational on MS worries does not sell to me.
2. RMB is predicted to have 10% appreciation in 2008, so we have 6% gains, CNY is the only certain play that won't get you loss money, though the gain is small, it may be the second FXE in the long run, say 3 year.s
3. Wait till 110 to load your FXI, but do remember, HKD is worthless given their pegging on USD and inflation there.
4. Shanghai ETF 50 could be a hedging, while it is predicted that the index would be amid 3000 - 4500 in the second quarter, after all, the government won't allow the equity market go too shabby considering the upcoming Olympics, but there is no good news for next Monday from the policy makers for reducing trading tax or what so ever.

Pause For Concern On Chinese Currency ETN

Bank would charge big fee on your hedging of converting dollars into RMB if any; I need data on CNY to understand how this 40 dollars worthy of.

innovation is the spirit of the Americans to survive amid this credit crunch, smart indeed though, that the Wall had spread the housing credit risks to the Europeans, who may hate the most, not mentioning the best move of the century, that is Blackstone trapped the Chinese CIC, to sell their shares to keep their jet life, still, Chinese may be too scared to load any more those Street products, close enough, but the Chinese escaped the BSC this time.

Pause For Concern On Chinese Currency ETN

for the 1st quarter, RMB appreciates 3.9%, more than 1% each month.

MS won't go crashed tomorrow and it is interesting to see the Street as so scared.

After all, ETN is one of a few things that American can still produce and it does not ask for 64 times of leveraging.