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To: Jacob Snyder who wrote (88174)	4/2/2001 2:21:47 PM
From: pater tenebrarum	Respond to of 436258

however, the world is not a common currency area. those that have pegged themselves to the dollar, like e.g. Argentina, are in fact suffering the most. the confetti is being printed at warp speed everywhere...except in the EU. the most recent Euro zone quarterly money supply growth (M3) is 4,7% annualized, still 0,2% above target, but a far cry from the Fed's 28%. since the BoJ is now resorting to quantitative easing (i.e. monetization of the huge government debt) i'd say the Yen is no contender anymore, until that policy changes again. the Euro however is. once it exists in the form of notes and coins, acceptance of the currency will become more wide-spread...perceptions may rule right now and favor the frizzlebun, but in the long run the more responsible monetary policy will win out imo. reality has a habit of catching up...it caught up with the Nasdaq too...