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Politics : Ask Michael Burke

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To: Earlie who wrote (87895)	1/4/2001 8:54:44 AM
From: Freedom Fighter	Read Replies (2) of 132070

Earlie, >>The one thing that took me by surprise was the strength of the buck following the announcement. I think this reverses rather quickly once a bit of analysis takes place. << Something George Soros said in one of his books may be applicable. When discussing currencies, he said that at different times the market focuses on different things and one factor can become primary. Sometimes it's the current account. Sometimes it's GDP growth etc... I think BGR hit the nail on the head not long ago. It seems to me that currency markets have been focusing on GDP growth for awhile and the current account, interest rates, and/or easy money has become secondary. The currency market may simply be saying that AG is heading off a recession and supporting asset prices so the dollar is more attractive. I suspect the long term story will be different. Wayne

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