Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (39072)	7/16/2001 1:20:16 PM
From: Jim Willie CB	Read Replies (4) \| Respond to of 65232

Argentina last week was an initial TSUNAMI shock wave get ready for more I aint a great student for all the ins & outs but have done some reading recently the issue is currency, as the force that kicks out pillars sure, foreign economies are weaker than ours and they depend upon US endless buying of imports Argentina solved its horrrrreeeeennndous inflation problem in the 1980's by pegging their Argentine Peso to the USdollar that earned them stability but now it buys them an artificially strong Peso currency the US$ belongs at a slightly lower level in exchange markets it is just too strong so every other nation's economy pegged to the US$ will suffer now that includes Argentina, Lithuania, Cuba, and 20 others as they benefitted from stability in the past they will suffer from neighboring competition now Argentina cannot successfully compete now relative to its neighbors watch for a shockwave soon from Brazil that will get much more world attention NO RECOVERY UNTIL THE SHOCK WAVES AROUND THE WORLD END THEY HAVE ONLY BEGUN such waves ensure greater equilibrium that exist now we have imbalances and airpockets and eroding underpinning pylons / jw