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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Sully- who wrote (45822)	1/4/2002 4:45:06 PM
From: Jim Willie CB	Read Replies (5) of 65232

did I read the word "TSUNAMI" in there for Argentina ??? a tsunami of bad loans sad too bad the policy that helped them a decade ago (pegging Arg Peso to the USDollar) crushed them as the world economy soured they really needed to decouple in 1999 their economy is not as strong as the US so it could not withstand an artifically high Arg Peso meanwhile the USDollar is artificially high from stored reserve internationally, rather than effervescent economy sad I wonder what the US Bank exposure is? any idea? I saw no word on this in the newswire / Jim

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