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Politics : Ask Michael Burke

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To: BGR who wrote (78569)	3/24/2000 10:02:00 AM
From: Mike M2	Read Replies (2) of 132070

BGR, I am surprised by the duration of strength of the dollar one factor is that strong trends gain momemtum - a rising dollar and stock market attracts more money chasing the trend. The euro has replaced the Yen as the favorite carry trade - you want a weak currency that is expected to continue to weaken. the carry trade tends to reinforce these trends for a while until there is a violent reversal. The basic laws of economics have not been repealed a chronic trade deficit will take its toll of the dollar eventually especially when the US economy is imbalanced (maladjusted) towards excessive consumption at the expense of savings and investment. Yes BGR there will be tough love and economic violence for all thanks to AG and his masters. mike ho ho ho

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