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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: GUSTAVE JAEGER who wrote (480)	8/27/1998 12:53:00 AM
From: Investor-ex!	Read Replies (1) of 3536

Hi GUSTAVE, IMO, global markets have peaked, the US stock market has peaked, and eventually, the US dollar will peak, too -- sometime between now and early 2000. ALL currencies, including the euro, will fall because they're backed with a mountain of debt and dependent upon faltering debt-laden economies increasingly unable to service that debt. Much of this debt will be repudiated, causing further damage to the bag holders. Debt and equity are both going into the doghouse and staying there for an extended period, though I don't doubt that holding a few $US will provide some comfort, short term. In a way, this party started with Russia in the late 80's and is now coming full-circle.

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