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Non-Tech : Derivatives: Darth Vader's Revenge

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To: Bobby Yellin who wrote (309)10/5/1998 12:17:00 PM
From: Worswick  Read Replies (2) of 2794
 
Bobby a great article! Congratulations on finding it! Ref the article, "...by LTCM leveraging its capital base into $1 trillion and then playing within the interest rate markets in particular, they in reality are bigger than all the central banks combined, and the unwinding of such positions could in effect disrupt the interest rate policies of all nations."

The PEI computer model says that world economic instablility will persist until 2003. Will your terrace be finished by then? After the collapse of teh floating rate system on December 25,2002 we can all begin again. "....We have been warning in our forecasts for the past 15 years that our computer models have targeted the year 2003 as the final collapse in the floating exchange rate system. As we draw closer to that forecast date, our computer does not seem to be so crazy any more. Unfortunately, when it comes to confusion and volatility, the worst is yet to come as we move closer to the end of this business cycle in 2002.85".

Boy, were they right on China.

My best to you,

Clark
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