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Home » Blogs » tran's blog

Don't panic!

Submitted by tran on Mon, 2008-10-27 19:17

http://english.vietnamnet.vn/reports/2008/10/810453/

That's what securities companies are telling investors.
I believe it's actually the securities companies that are
panicky now.

Redemptions and repatriations are worldwide occurrences now.
Global central banks are cutting interest rates like crazy;
opting for hyperinflation rather than recession(possibly
depression). In the process, AUD, NZD, SGD,KRW, EUR, GBP, etc.
are weakening against USD; USD strengthened by default.

How can VND remain almost unchanged against USD? It makes Vietnam's
exports very expensive. I believe Vietnam will feel the pain pretty
soon.

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