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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Spekulatius who wrote (98906)5/2/2001 3:54:12 PM
From: pater tenebrarum   of 436258
 
i'm not so sure if there's a connection between share prices and the currency. to wit: after Japan's bubble broke, and the economy went into the toilet, the Yen continued to blast higher for another 5 years.
the 70% plunge in the NAZ didn't really damage the frizzlebun either.
longer term i think much of the blind faith that now rules in the markets will be severely tested...especially w.r.t. the power of bureaucrats to fix broken bubbles.
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