Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: EL KABONG!!! who wrote (19452)	6/3/2002 10:53:21 PM
From: TobagoJack	Read Replies (1) of 74559

Hi KJC, <<How badly will the dollar's demise in the currency markets impact South American countries, especially Argentina and Venezuela?>> I do not know, perhaps Elmat can help when he is not busy. I am just thinking out aloud: Venezuela exports oil, denominated in USD, and can be hurt if USD drops, unless oil price rises as result. OTOH, I imagine that both Venezuela and Argentina could use the respite provided by USD tanking to print up a batch of local currencies and use same to wash the wounds recently suffered by the locals. Mexican and Brazilian export to the US may suffer, but then both countries can print up a batch of paper money and lower interest rate with less fear, just tagging along with the US FED leader. Hard to say. But generally, adjustments and inflection points are dangerous. Chugs, Jay

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