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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Investor2 who wrote (1776)10/22/1997 10:13:00 PM
From: Boca_PETE  Read Replies (1) of 42834
 
Investor 2:

To all your questions the answer is "nothing to report". However, the exchange rate of the Hong Kong/ U.S. dollar has been fixed for a long time and Hong Kong is a huge financial center. We experienced an inflation fall out and deep recession in U.S. after the wage-price controls fell apart in the mid 1970's. It ocurs to me that a floating of the Hong Kong Dollar, should it occur as a result of the currency and Hong Kong stock market turmoil, could have consequences outside of Hong Kong. Then again, John Templeton might observe that we may be close to the point of maximum pessimism - a buying opportunity. What do you think ??

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