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


To: Real Man who wrote (1267)12/5/2000 8:48:43 PM
From: rajaggs  Respond to of 74559
 
US dollar has fallen against most currencies in the past few days. This may be the start of a run on the US$, which will accompany any major slowdown in the economy.

Hard to believe that US Fed would pump more money into this scenario, this early on despite tightened credit by banks. Ditto for lowering of margin requirements.
Seems like panic button is being pressed rather early in this game.

'jaggs



To: Real Man who wrote (1267)12/5/2000 9:07:52 PM
From: Tommaso  Read Replies (1) | Respond to of 74559
 
I am still sitting on a pile of Swiss franc travelers checks bought much too soon--but they can always be spent for good meals and nice hotels. I discovered that as a member of the AAA (American Automobile Association) I can at any time buy travelers chekc (in Euros as well as other countries) at the going exchange rate with no fees. I recommend the AAA for free towing (up to 150 miles with premium coverage), free passport photos, free maps, free travel service, free guidebooks, and so on. A wonderful organization.

Am hoping to see the dollar recover a little so I can buy the Euro warrants cheaper. (I also own gold, gold stocks, --all those paranoid things, in moderate amounts. But pinning my hopes mainly on energy, especially American natural gas.)