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To: DOUG H who wrote (11509)4/7/2000 12:07:00 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 35685
 
currency triangle might soon be tested
two weeks ago German Bundesbank left interest rates alone
now Bank of England leaves rates alone
if US Federal Reserve raises rates in May, we got currency trouble

if Fed raises rates, then we got two straight hikes since the German Bund (Buba) left them alone
the Euro currency reacts to German and English monetary policy

this could lead to an unwanted USdollar strength
would result in bond rally and stock market rally
but it would be a wicked dangerous rally

the end result would be a temporary imbalance to the world's foundation currency triangle: JYen/ Euro/ US$

/ Jim Willie