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To: pater tenebrarum who wrote (51858)	12/28/2000 11:49:50 AM
From: LLCF	Read Replies (2) \| Respond to of 436258

Economist on the dollar: Traditional forecasting models have been little use of late. According to the textbook, currencies with higher inflation rates and large (and growing) current-account deficits are supposed to fall. But somebody forgot to tell the dollar. Since mid-1995 its trade-weighted value against a basket of some 50 currencies has risen by about one-third. J.P. Morgan says that, in real trade-weighted terms (ie, adjusted for inflation differentials), the dollar is at its highest since 1985. economist.com DAK