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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: EPS who wrote (21447)3/28/1998 3:43:00 PM
From: Olaf Koch  Read Replies (1) of 42771
 
(Off Topic) If the Euro somehow takes off then we could face a serious financial crisis..We now have a rather easy way to finance
our external debt which is not available to the other countries..and this eventually translates in a tremendous advantage over our competitors. But this is not coming any time soon, I hope.

Several economic analysts predict that we will get a bipolar currency system with a lot of money rolling from dollar into euro. Living in Germany and so somewhat involved I believe this will come true over the next two to three years.

I expect the dollar and the pound sterling to retreat somewhat (to the extent of 30 percent over the next years) as the continental european economy heads on, fueled by ever-increasing reforms, probable political changes and an income tax reform in Germany after the next elections, a reemerging East European economy, and a merger wave throughout Europe.

That's just my feeling. A lot of taboos are breaking here in Germany, which helps remodeling economy. A tumbling dollar would let a lot of overseas investor to taqke their money off the table (stock market) with apparent consequences for first the stock market and then broad consumer spending in the US.

The future might be different, but this scenario isn't impossible.

Olaf
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