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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (51858)12/28/2000 11:49:50 AM
From: LLCF  Read Replies (2) of 436258
 
Economist on the dollar:

Traditional forecasting models have been little use of late.
According to the textbook, currencies with higher inflation rates
and large (and growing) current-account deficits are supposed to
fall. But somebody forgot to tell the dollar. Since mid-1995 its
trade-weighted value against a basket of some 50 currencies has
risen by about one-third. J.P. Morgan says that, in real
trade-weighted terms (ie, adjusted for inflation differentials), the
dollar is at its highest since 1985.

economist.com

DAK
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