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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (46364)1/15/2002 10:00:57 AM
From: Jim Willie CB  Read Replies (4) of 65232
 
an event not factored: Launch of Euro is March1st

even the Russian Mafia is likely to convert from USdollar to Euro
that E500 currency note gonna be attractive

big question: will OPEC demand oil denominated in Euro ???
if so, then like a punitive tax on US economy
I think they will do exactly that

the USDollar is about to embark on a gradual slide
at first it will be welcomed
our exporters will be anxious to see the effect on pricing
over time, it will have corrosive effect on stocks

/ Jim
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