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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (29193)	4/25/2000 7:58:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 42523

yes i do...i'm quite amazed at the dollar actually. i suppose though it's more a function of Euro weakness than dollar strength, as the dollar continues to be quite weak vs. the Yen. the Euro carry trade has grown into an enormous monster...US corporations alone have borrowed over 300 billion Euros in the past 12 months. as with the formerly so popular Yen carry trade, everybody want's to keep it going. same as the Yen carry trade, it will eventually blow up. it will blow up one way or the other, that is. one possibility is that the ECB gets a bit more serious about the Euro and tries to save it, the other is that it morphs into a full blown currency crisis and falls apart. in which case you'll see the restored D-Mark soar 20% overnight most likely.