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To: irlon who wrote (285)11/22/2000 7:57:06 AM
From: Chip McVickar  Respond to of 12411
 
Thank You i,

>>I'll take a look at the British Pound next week...!

Here's an interesting commentary on the economic conditions, both here and in Europe.

contraryinvestor.com
>>"...Just today, the index of western German business confidence fell for the fifth straight month in a row. Growth in the Euro zone is falling. The Euro clan is experiencing the same pressures as their US counterparts. Increasing input costs and lack of pricing power. We've been arguing for some time that the global economies are tied together more closely today than possibly ever before. In the current environment, the academic argument for global diversification may have less appeal than at any time in the recent past. Is the Fed betting on the fact that foreigners will keep their dollar asset holdings intact as opposed to repatriating capital to home fronts that may be suffering their own economic weakness? In a synchronous global economic slowdown, will the dollar remain the best of a myriad of bad choices in terms of global currency holdings, despite the obvious imbalance in our trade deficit?"<<