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To: Ken98 who wrote (13932)	8/25/2000 4:03:46 PM
From: pater tenebrarum	Respond to of 436258

i think that's due to mechanics in currency flows that are independent of economic realities. in fact, the living, walking and quacking proof of this is, has been, and remains, the Yen. when Japan's bubble economy went down the tubes, the Yen continued it's inexorable rise for two years before topping out. likewise, the current Euro/Yen and dollar/yen crosses make no sense from an economic and purchasing parity PoV. my guess is that normal currency movements will only return once ALL bubbles have burst, globally, and the 'hot' money has gone to money heaven...