Dec 3, 2004


The China post reports that the gov't will be continuing austerity measures to make sure their econnomy slows down. There is a more specific claim made here about raising interest rates and revaluing the Yuan but people outside of the gov't have been saying that forever.

I would expect commodity weakness will continue. Oil and the oil stock may need to wait a good 6-9 months before challenging recent highs. I would be very patient in that sector here.

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