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Pastimes : Ask Mohan about the Market

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To: Zeev Hed who wrote (14285)2/18/1998 2:15:00 PM
From: Chip McVickar  Read Replies (1) of 18056
 
Zeev,
I wonder if you hold any opinion on the EURO and what its' effects might
be on the balancing of world currencies. I cannot imagine Germany joining
an unsound currency or giving up their Brundesbank to enter a floated
curriency that would be susceptable to the pressures as seen in Asia.

Either this unified currency will quickly crumble under the weight of the
dollar or it will become a very powerful balance against the dollar.
Either way...its future will impact our curriences position and I might
say the US Bond markets. The prevailling wisdom from the news media is
that it will be a none event and slide into existance quietly causing
no ripples. That might be true.

Nobody knows the agreements being produced. But here is speculation
that one of the considerations for basing the EURO is similar to a
currency board....but using a basket of commodities to anchor it.

Have you followed the ERUO and have any opinions on its formation and
what effects it might have one the US$.
Chip
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