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Non-Tech : The Critical Investing Workshop

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To: Dealer who wrote (17371)5/3/2000 9:43:00 AM
From: Jim Willie CB  Read Replies (2) of 35685
 
early warning of currency de-stabilization

the Euro is now at alltime low under US$0.89
raising rates in USA has resulted in raising rates in Europe
they have to match the effort, or see their currency slide worse
but European economy cannot handle such hikes
now pockets of recession are hitting European continent

the US$ has risen lately versus the Japanese Yen also
JYen is worth around 1.08 US$

we are in an unstable situation RIGHT NOW
the global currency triangle is now tilted
US$ -- Euro -- JYen

the USdollar is winning too much
foreign currency is likely to head to the US shores now
it will seek out stocks, bonds, anything to escape their slide

this is how blowoff tops in our stock market happen !!!

/ Jim Willie
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