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To: Rarebird who wrote (75552)	8/26/2001 12:37:00 PM
From: Ahda	Respond to of 116906

RB in the period between 1996 and 2001 property has doubled in many areas of Ca. Trying to ascertain if US Company was good investment I found that the holders of the company were located around the globe. The initial investment in that company most assuredly was for most of them at a higher dollar base than their own currency. When you pay a premium to buy something all nations have problem that is compounded if that currency of your transaction decreases in value. Because of the diversity of investments I can well understand why the US dollar tolls bells through out the whole of the globe. Toshiba is laying off mainly from exterior operations. Where we here are closing interior in favor of lower dollar exterior. It is impossible for me to even attempt a guess as to the amount of US holdings that are spread in world wide accounts, treasuries are one thing but private notes another and stock holdings yet another. I am very sure that numerous companies hold questionable US companies. The concern is broadened when you consider currency as well as the condition of the both our market and economy. The housing market here appears to be the strongest sector.. There should be a slow down in housing if it is a the result of an expanding economy as our economy is not expanding. Here we have AG attempting to ward off contraction. with money policy yet that monetary policy seems to be is creating expansion in housing..