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Gold/Mining/Energy : Gold Price Monitor
GDXJ 145.00+2.0%Jan 23 4:00 PM EST
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To: LLCF who wrote (52982)5/19/2000 10:20:00 AM
From: Hawkmoon  Read Replies (1) of 116915
 
David,

I agree with X-squared that the Fed is creating inflation in foreign currencies. By continuing to bash us with that unwieldly interest rate sledgehammer, he is really weakening the global economic foundation. The Fed can't inflict these kinds of severe prophylactic measures on an economy that constitutes some 33% of global GDP, without reigniting the turmoil that resulted back in 1997 with the Asian Contagion.

And given the size of the current US economy, if we catch a cold, the world will catch pneumonia.

Regards,

Ron

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