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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Paul Berliner who wrote (2127)	9/29/1999 2:30:00 PM
From: Sam	Read Replies (1) \| Respond to of 3536

Paul, I can't buy your conspiracy notion. A recession here wouldn't just be a short term negative for Europe, and it wouldn't mean that "n the intermediate & long term, they would benefit from a worldwide re-allocation of assets out of the U.S. and into Europe and other countries that have been dissed by the U.S." Many of our (and their) assets are based on debt, they are acts of faith. These assets wouldn't be reallocated, they would go poof! they would disappear into bytesville. And other assets would be affected as well when credit and liquidity dried up. The US is still the market of last resort. If that stops happening, the rest of the world would be in even worse shape than we would be in.

To: Paul Berliner who wrote (2127)	9/29/1999 3:55:00 PM
From: Hawkmoon	Read Replies (3) \| Respond to of 3536

maybe it was because of a vendetta that these countries secretly have against the U.S. They are jealous of our prosperity and want to force a bear market here anyway they can. Paul, I appreciate your logic. I was kinda surprised myself about the ECB's sudden decision to utterly subsidize the gold market to this degree. But the most interesting comment was from a previous post where this decision was done so suddenly that it caught many miner's on the wrong side of their hedge positions, thus suggesting that they may be forced to go to the CB's for more liquidity (ie: gold to lease or buy). Could this turn into an example of "Be careful what you ask for... you just may get it". Still don't believe in gold, but I congratulate those gold enthusiasts who had the guts to step up to the plate when the XAU was in the '60s. You have been well rewarded. Funny thing though, demolishing the dollar with a golden hammer is one hell of a way to try to strenghten the Euro.... :0) Regards, Ron