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Politics : Ask Michael Burke
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To: Edmond Katonica who wrote (94182)1/24/2002 4:13:36 PM
From: Knighty Tin  Read Replies (1) of 132070
 
Edmond, Very interesting piece. I don't quite get the logic of the structural comment. If the problem is structural and unlikely to change, then how can the currency be undervalued? I think it is undervalued and likely to change. My guess is that everything will rise against the buck and the Yen will not see 170. China will have a cow over 150. At that point they start leaking dollars and Treasuries.
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