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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (42209)11/29/2000 8:53:12 PM
From: patron_anejo_por_favor  Read Replies (2) of 436258
 
Excellent article squirreled away in PruBear's Guest Commentary section from yesterday on "King" Dollar's future.

prudentbear.com

<snip>Imagine what would happen if those holdings were to lose 10-15% of their value as private sector holders lost faith in the worth of the substantial pile of the credit notes they have lodged with American consumers. We feel sure this is the bogeyman whose frightening visage the US Treasury describes for the rest of G7 at bedtime. The Euro, it seems, was launched too late to stand a chance of competing with the Almighty Dollar, a mere garage Dot.com against a monetary Cisco Systems.

Got Cisco poots?<G>
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