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To: Haim R. Branisteanu who wrote (108992)	6/15/2001 1:32:50 PM
From: pater tenebrarum	Read Replies (5) \| Respond to of 436258

in purchasing power parity terms it's at least 30% overvalued...and something that can get overvalued, can also get undervalued at some point in the future.

To: Haim R. Branisteanu who wrote (108992)	6/16/2001 3:30:38 AM
From: ru2	Read Replies (1) \| Respond to of 436258

Haim, do you have parity for the French Franc at five Francs to the dollar? I Have been watching the Franc off and on for about 10 years since I do business there from time to time. If it stayed at parity for any length of time it was at a time that I was not buying Francs. Our Goverment seems to always defend the dollar at out expense and seems to be able to do it for really long periods of time. I am thinking that they finally are'nt going to be able to do that much longer as you have been saying. Since I have not been paying much attention to the Bond market until recently I am thinking of just putting some of my money in a Money Market account denominated in Euro's. I don't think the Euro is going much lower compared to the dollar. The percentage in approaching parity is way more than the small difference between Bonds and a money market account. Ru2