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Politics : Ask Michael Burke

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To: Joan Osland Graffius who wrote (83439)	9/4/2000 11:29:07 AM
From: Knighty Tin	Read Replies (2) of 132070

Joan, Hi. IMHO, no, the risk is not real high. As the article stated, they have been running current account deficits for two decades. The price of the currency and fixed income securities reflects that adequately, I think. The price of the dollar, on the other hand, does not reflect our trade and current account deficits. So, if I owned Fax in a Yen or Swissie account, I might be worried. But not in a dollar account.

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