Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: AC Flyer who wrote (34543)	6/1/2003 12:07:27 AM
From: elmatador	of 74559

To have value have to be scarce. If you fire sale it, then the scarcity is not there. Whomever is buyng is because they haven't got the knowledge to where this thing is going. The US is capitalizing on the perceived value of the USD by the ignorant masses of this world. They are stucking their matresses with something that will not return to its past value vis a vis other currencies. (Remember Argentina aritifically keeping the value of its currecnyon par with the US?) I agree with Jay. The USD won't reach 1.5/Euro. But it will stay arounf 1.25 for quite a while.

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