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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Bucky Katt who wrote (9475)8/22/2001 12:38:22 PM
From: Silver_Bullet  Read Replies (1) of 13094
 
And of course today the IMF is floating Argentina many, many $$billions...Nice, how long before they need more?

Why do people have confidence in the IMF? I haven't dug really deep but a recent "bailout" that comes to my mind is Turkey. The IMF supposedly bailed Turkey out but it didn't do a thing. Turkey just ended up needing more money and still their currency is worth less and less. Essentially the billions didn't do a thing but get absorbed. Kind reminds me of throwing good money after bad.

FT
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