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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: mirada who wrote (683)	11/15/2000 9:32:49 AM
From: Tommaso	Respond to of 74559

I think you are correct about what has kept the dollar up so far. It may be the devaluation, when it comes, will be against commodities rather than other currencies (at least to some extent). In other words, world-wide inflation. But I also would expect the dollar to move back to something like parity with the euro. The European countries (and other countries, too) have much more rational energy policies than we do and can withstand energy-price inflation better than we can. Or so I think.