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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST

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To: Bobby Yellin who wrote (19213)9/17/1998 11:41:00 PM
From: Terry Rose  Read Replies (1) of 116764
 
Morgy Dog, Strange article. Leave it to an economist to find some benefit from all the currency devaluation chaos. I guess the Brazilians should welcome their turn. I think that the author should have interviewed an Indonesian or Korean citizen and asked if a currency devaluation in a deflationary environment who lost 80% of their purchasing power had a positive experience. Afterall it helped slow down their economic growth to the point that they are now in recession or depression. Not to mention the benefits of hyperinflation.

Terry,
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