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[Douglas]

Take a look at the RMB's massive gains versus their trading competitor's rupee, dong, ringgit, etc. currencies at www.fxtop.com using the Historical Rates green tab on the left hand side of the home page. Clearly something's got to give. Either China lets its currency drop sharply or their 6.9% forecast growth rate based largely on exports is a joke. Take your pick, but I suspect an intentional RMB wreck is the better bet. Given that probability, what do you think trade balance with free trading U.S. will do? What will the remaining U.S. manufacturers do with a 40% cheaper RMB? Move? What will the U.S. voter do when the only phase that pays is "Do you want fries with that?" Initially bullish for corporation's stock, but I think the phrase "Let them eat cake." will eventually reach back and bite them. The only question is when minus six months or so of stock market lead. Regards, Douglas