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Strategies & Market Trends : Asia Forum
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To: Worswick who wrote (7746)12/24/1998 4:28:00 PM
From: Jon K.  Read Replies (1) of 9980
 
Even though Mr. Armstrong has some valid point on his article, I disagree with his view that the funds will flow to US. He is only looking at a few trees and not the mountain.

For past 20 years all those economists and brains thought EC was just a joke and criticized that it will never happen with more than 10 countries with their own economic interest. Now Euro is a reality and Euro will be as powerful as dollar within a year or two. And already Asian countries are preparing to diversify currency holdings from dollar to Euro. At first maybe 70% dollar to 30% Euro, but eventually it will be 50/50. The mighty dollar will lose its power as Euro will be more stable currency with its rigorous Euro standard.

Can you imagine what will happen with all those unwanted greenbacks heading back home? Japanese unloading all those US bonds?
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