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To: yard_man who wrote (103507)	5/20/2001 4:57:44 PM
From: JHP	Read Replies (2) \| Respond to of 436258

tip what i think you are missing is that the rest of the world wants dollars as fast as they can print them! a few post ago their was a post about french franks converting to dollars. all black market in europe want dollars before conversion to euro..good articles on financial collapse of 2001 thread.. ..brazil reals is collapsing they want dollars not reals! same in argintine! and colombia! southeast asia...name me one place on this earth they do not want dollars over their local currency?? regards john

To: yard_man who wrote (103507)	5/20/2001 6:04:02 PM
From: KyrosL	Read Replies (5) \| Respond to of 436258

tippet, many in this thread are forgetting that the USA is an extraordinarily endowed country in human and physical resources -- the former in no small measure due to our ability to attract the best and brightest scientific, engineering, and entrepreneurial minds from around the world. The rest of the world apparently is not forgetting this. That's one of the explanations of the dollar strength. You say that the Fed and politicians will watch helplessly as the unemployment rate climbs into the double digits. I say: impossible. There are simply too many effective measures that can be taken to halt the downward spiral. This does not mean that the stock market will not plunge more. I expect that stocks will reach much lower new lows later this year, but I doubt that we will see a relentless multiyear bear like that of the early thirties. Kyros