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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (21535)9/25/2000 8:55:32 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
Nice passage from International Perspectives today in PruBear, in an article on the tar-baby that is intervention:

prudentbear.com

If overseas’ investors begin to believe that their
profits on US assets are likely to be reduced or wiped out by the threat of
dollar devaluation, global speculative capital might refuse to continue to
finance these large deficits and flee en masse, as was the case in emerging
Asia. This is why the US is loath to encourage too much euro strength
against the dollar. The very capital flows which have done so much to
weaken the former are also the essential lifeblood of the latter, like
Siamese twins battling over a single set of vital organs.

ROTFL! Siamese twins battling over a single set of vital organs!<GGG>
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