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To: BigBull who wrote (77951)	11/5/2000 10:08:34 PM
From: isopatch	Read Replies (1) \| Respond to of 95453

Some mid-West cooling, but serious cold temps still trapped in West: grads.iges.org

To: BigBull who wrote (77951)	11/6/2000 7:15:50 AM
From: SliderOnTheBlack	Respond to of 95453

Big Bull - nice take on the dollar ... this is so fundamentally simple Rubin got while the getting was good - because he knows what's coming around the bend & it "aint" pretty...

To: BigBull who wrote (77951)	11/6/2000 10:19:47 AM
From: SliderOnTheBlack	Respond to of 95453

o/t Aussie currency crisis... King Dollar is creating more than just "stress fractures" on now 4 continents so far; africa, europe, so america & australia... <<<Federal Treasury has exposed the Australian Government to a $2.1 billion debt as a result of its extraordinary practice of investing in the highly volatile currency derivative markets, according to a parliamentary report. Treasury's Office of Financial Management debt management strategy - which is unique among OECD and G7 (Group of Seven) countries - has left the Government vulnerable to further sharp falls in the Australian dollar, the Joint Committee of Public Accounts and Audit has warned. The OFM's submission to the committee shows that for every 1¢ fall in the dollar against the US currency, the Government's debt in currency swaps - or derivatives - grows by $189 million. The committee's report, tabled last week, shows that the dollar's relentless slide between June 1999 and June 2000 has almost doubled the potential loss on OFM's portfolio of currency swaps from $1.296 billion to $2.134 billion.>>> smh.com.au