Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Claude Cormier who wrote (62736)	1/29/2001 6:16:03 PM
From: LLCF	Read Replies (1) of 436258

Welcome to CFZ Claude.... <The USD is overowned and overvalued after two decades of excessive growth in money stocks, debts and trade deficit. Foreigners owns massive amounts of USD and USD financial assets. These are slowly coming back home and will cause a significant adjustment in USD exchange rates with gold, the Yen and the Euro.> Economists have been wringing their hands for a decade or more about the 'reseve currency' coming home... of course these types are usually right, just way off on their timing... NO ONE is talking about it lately I've noticed. < “Japan and France finance ministers urged Asia to include the Euro and Yen in a new post-crisis managed currency regime, arguing excessive reliance on the United States dollar had brought disaster.” > Ho ho... a quick move down will make what ever disaster they're talking about look like a walk in the park. -ng- DAK

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