Currencies and the Global Capital Markets Message Board

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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Alias Shrugged who wrote (547)	9/3/1998 6:26:00 AM
From: Cage Rattler	Read Replies (1) of 3536

Mike: <All paper assets (including US dollar) seem destined for declines.> A rise or decline in paper assets correlates to "purchasing power" and must be relative to some medium of exchange. Value within the set of currencies should converge or diverge relative to the mean and each other. So long as this change in relative values continues the currency market should remain viable. Is this logic flawed in your opinion? What benchmark for currency are you assuming -- metal-backed? Or is this simply another expression of global, economic deflation? Ciao, Ted

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