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: Box-By-The-Riviera™ who wrote (77497)	3/8/2001 7:37:45 PM
From: pater tenebrarum	Read Replies (2) of 436258

Japan is getting closer to the 'give up' stage. there is some danger that the renewed freefall in the Yen will force a Chinese devaluation, as well as part three of the South East Asian currency crisis generally. tfc-charts.w2d.com tfc-charts.w2d.com the global financial 'architecture' as it is called since the '98 crisis, remains fragile at best...and the structural and debt problems of the crisis countries have not been properly addressed so far. yes, their forex reserves are higher than they used to be, and Russia is unlikely to relapse unless oil prices collapse, but we now have new crisis dominoes with weak banking systems and /or unsustainable currency regimes, like Turkey and Argentina. i expect even the Hong Kong currency board to eventually be attacked again.

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