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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (22429)	9/27/2000 6:09:56 PM
From: Archie Meeties	Read Replies (1) \| Respond to of 436258

Can't happen that way. The euro was propped up b/c the dollar was and is strong. If anything, intervention by the FED is a big negative to the euro - long term.

To: NOW who wrote (22429)	9/27/2000 6:11:27 PM
From: patron_anejo_por_favor	Respond to of 436258

<<Meaning if the Euro is propped wit hfavourable results the dollar begins its long journey home?>> Exactly. If the flow of capital begins reversing, and the ClownBuck begins it's slide in earnest, the markets will drop (stock AND bond) here. Their will be less incentive for foreign folks to send us more money, as they would be whacked by both falling markets and falling currency. Therefore, more folks who are still here will see this and want out. A virtuous circle (or vicious cycle, depending on who's Ox is being Gored). That's why Lawrence Somewhere's was Oh-so-delicate in describing why the intervention wasn't bad for the Dollar...he couldn't afford to spook the Cows....ERRRR, BULLS and start a stampede out...