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Strategies & Market Trends : Take the Money and Run

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To: Jorj X Mckie who wrote (397)	5/20/2002 9:53:28 PM
From: Petrol	Read Replies (3) of 17639

Some light reading... and T, congrats on EXPE :O) (that rhymed, by the way) morganstanley.com <<There are three key features to the coming global rebalancing that could have profound implications for the global economy and world financial markets -- a slowing of US economic growth, an acceleration of growth elsewhere in the world, and a sharp depreciation in the value of the US dollar. The slowing in US growth is unavoidable, in my view. It is a classic symptom of the current account adjustment process -- necessary to limit domestic demand and the high import content of such purchases. Nor do I have any problem embracing the possibility of a depreciation of the dollar. >>

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