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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: t4texas who wrote (75)	8/17/2001 9:31:30 AM
From: isopatch	Read Replies (1) \| Respond to of 36161

<all debase their currencies> Right. That's Keynesians standard response to deflation. Several books I've read about the global response to the 1930s deflationary period call attention to what they term "competitive devaluations" as a tug of war develops between nations desparately trying to hang onto their trade competitiveness in a shrinking market. Not a pretty sight other than the few exceptions like gold and other items where shortages developed in essential commodities and/or services for very specific reasons. Isopatch