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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Rich1 who wrote (69231)5/19/2002 8:11:03 PM
From: Chispas  Read Replies (1) of 99280
 
"When the dollar finally faces fundamental reality, it will be sold off. The critical foreign capital that has bolstered the US dollar by flowing into the dollar and US markets will reverse at some point. Foreign investors, slowly at first and then with increasing speed, will recognize the incredible systemic post-bubble stresses still inherent in the US economy, the terrible US slowdown which will most likely soon be a full-blown recession, and the imploding US equity prices. When these foreign capital inflows, which were approaching record levels early this year, reverse, foreigners will first sell US stocks and bonds, putting heavy downward pressure on Wall Street. Then the dollars earned from selling foreign-held US investments will be sold for the home currency of each foreign investor, driving down the price of the dollar."

Adam Hamilton, Aug. 10, 2001
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