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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (930)11/25/2000 1:00:33 PM
From: Hawkmoon  Read Replies (2) of 74559
 
, the crisis, should it go as I fear, it may boost US$ initially as folks run blindly to what is the safest at the moment,

Thanks for the heads-up on activities in Taiwan, Jay..

And I think your prognosis is pretty sound with regard to how the US$ will intially react and the impact that will have with US exporters. In such a case where the dollar has risen even higher, it would likely be beneficial to find some other nations selling dollars to prop up their own currencies, and we might see the Fed joining in.

So long as the US retains that 2.7% overall growth, the US budget surplus should provide a buffer against a wholesale attack on the US$.

Regards,

Ron
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