Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (2791)	12/31/2000 8:06:30 PM
From: TobagoJack	Read Replies (1) \| Respond to of 3536

A Hong Kong Monetary Authority (Central Bank) buddy said festively that the HKMA has completed move from Euro under-weight to neutral on its allocation for the reserve fund. HK$ is pegged to the US and thus deserting the US$ is out of the question, but going eventually underweight is not. Only 5% of the fund is in Yen, as Hong Kong folks do not think Japan deserves our trust, US less than before and Europe priced OK.

To: Hawkmoon who wrote (2791)	1/1/2001 7:22:19 PM
From: Robert Douglas	Read Replies (1) \| Respond to of 3536

Ron, That's how it went for the US back in the early '80s I think the problems that the U.S. faced in the late 70s and early 80s were much greater than Europe faces today. And look what we were able to do. That's the comparison that I've been making for some time now - that Europe was about to embark on a period of growth similar to the 80s and 90s in the United States. With unemployment so high, it will be easy for Euope's growth to be higher than the U.S.'s for years to come. With inflation low, and unemployment high, there will be no reason for governments to refrain from stimulus. In fact, I think there will be a race of sorts to gun their economies.