Currencies and the Global Capital Markets Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Currencies and the Global Capital Markets

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TAPDOG who wrote (1601)	5/20/1999 10:35:00 AM
From: Henry Volquardsen	Read Replies (3) of 3536

too early to say on Argentina. As I said, there are cryptic comments. There is an election coming up, I believe in October, and there will be a lot of debate on the status of the currency board. I suspect, which is why I posted, that there could be suggestions that it is time to break the currency board. However there is also a possibility that the current government could try and preempt that by proposing complete dollarization. So it is more of a situation that needs to be watched. FWIW I don't think an Argentinian currency scare would be good for the Euro. If Argentina was in danger you would probably see a lot of sympathy pains in the other emerging economies. This would have two impacts. First it would hit European economic growth, they have shown they are not as able to ride out emerging market troubles as the US economy. Second you would see a renewed flight to quality and the first target would most likely be US T bonds which would also help the dollar. For the record I am a big Euro skeptic so my view may be coloured.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next