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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (23503)	8/20/1999 9:37:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

Donald ; I can't say I did a study more than looking at some charts , not just the US dollar but many. Drops in currency are often followed by rate increases. It's real noticeable in third world countries, but a drop in currency signals a weakness and in my opinion if its 5% it forces a lot of change, and is bad for both bonds and stocks. So I would put the 5% drop as much worse than a .25 % rate increase. We need a TOBIN tax on currency swaps, as they are at the heart of market manipulation. Jim