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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Seeker of Truth who wrote (50065)5/16/2004 1:09:43 PM
From: LLCF   of 74559
 
<"American Gold." This is indicative of a historic respect for the US currency all around the world.>

And gold.

<one gets the feel that US govt. debt and US dollars will be tolerated for a much longer period than would be the case for a Latin American country>

It certainly has been in the past as well!! OTOH, if things continue to worsen we all know what happens once a currency IS labeled in such a way as 'Latin currencies'.

DKA
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