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To: hobo who wrote (10543)	4/23/2001 11:46:10 AM
From: John Pitera	Read Replies (2) \| Respond to of 10876

I did not realize that Argentina was the 10th largest economy in 1913... Maybe that's why Butch and Sundance headed down there -g- The former president told the people to dump their pesos for USD's.... very interesting While we are still going over some of the weekend developments in Argentina, we would note that the Brazilian real is in a world of hurt once again this morning. Of course, comments from former Argentine President Carlos Menem certainly do not help, as he reiterated his controversial recommendation that Argentines should shift their pesos into dollars before the local currency is devalued. Also of concern, Central Bank President Pedro Pou and Economy Minister Domingo Cavallo are not getting along, as Cavallo wants Pou out before his term ends in 2004. Finally, the Argentine government said yesterday that it has decided to cancel today's planned auction of $350 mln in Treasury bills and $200 mln to $400 mln in Treasury bonds.