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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Thomas M. who wrote (79441)	4/13/2000 11:52:00 AM
From: Mike M2	Respond to of 132070

Thomas, in the April issue of the Richebacher Letter he notes " Looking for the reality behind the dollar strength and euro weakness, we register one factor as the most important: heavy borrowing of American corporations abroad, above all in the Euro. Lower interest rates, a market with great breadth and a persistently falling currency made the euro a most attractive currency for U.S. corporations to borrow in. While figures for 1999 as a whole are not yet available, total corporate borrowings abroad has been running at an annual rate of well over $300 billion, after $218 billion in the year before." the Richebacher Letter 1217 St. Paul St. Baltimore , MD 21202