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To: rolatzi who wrote (91615)	6/18/2001 4:39:51 PM
From: energyplay	Respond to of 95453

Hi Rolatzi - When the Euro started, there was discussion over wheter it would be strong or weak, and what long term problems would emerge with the differeent economies in the EU. Now the EURO looks like it has some very serious issues. If there isn't a recovery soon, the European public will learn to hold dollars or gold or U.S. index funds (hey, the DOW looks better than the Euro !) or U.S. bond funds. They will trade and do business in the Euro, but not hold it. By soon, there needs to be a recovery in the value well BEFORE the currency shows up - my guess is September /October is the last chance. IF people think the Euro is a loser, that will be compunded by the almost inevitable screw ups & and emotional sense of loss with the currency change. Then there will be a consistent, ongoing flight from Euros, proabably to U.S. dollars - sort of like Latin America or Mexico. If enough people DON'T believe in a currency, then it will not work as a store of value. It may work for trade. So I take issue with Mr. Coxe's advice - >>>If we get the Euro down to 70 cents you will want to borrow US dollars and load up on Euros. <<<< I think you can get hurt doing that. I wonder what the Brits will do ? New Slogan - " The Euro - the Yugo of Fiat currencies " Best of Luck to everyone, it's going to be bumpy ride...energyplay