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Politics : High Tolerance Plasticity

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To: ItsAllCyclical who wrote (2034)	3/20/2001 3:41:52 PM
From: The Ox	Read Replies (1) of 23153

What about a global recession? What about the fact that foreigners basically have far too much exposure to the dollar, t-bills and our equity markets. If they decide to sell or reduce their exposure there's nothing the Fed can do to stop the flood. Where do you think 'foreigners' will want their money during a global recession? My first reaction is that US securities, treasuries and the US $ is one of the more 'attractive' places to park some money. What are the other options? Euro, pound, thai bhat? Just curious as to where you would rather have your money?

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