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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (145044)	1/21/2002 8:07:52 PM
From: TobagoJack	Read Replies (1) \| Respond to of 436258

Hi ild, I do not think USD will do better than Euro before the drama is over, for I lack the imagination:0) I think savings, trade balance, etc matters. I think the Euro, while definitely still an experimental currency sponsored by a hodge-podge of self-absorbed and contented countries, sought after by another bunch of newly hungry neighboring countries, is however astoundingly and unnatural to the mind, genuine competition to the USD. Imaging what the Euro can do if the Euros can ever, if ever, get their collective acts together! Neither the Euro nor the USD is perfect, but both are highly liquid, widely accepted, commonly used, certainly more plentiful than hard metal physical score keeping units, and without a doubt more available from the sources from where they spring. The USD is still a bit more perfect than the Euro, and thus my allocation. My balance of USD at greater than Euro and CHF must be viewed within context of beginning of 2001 balance ... Message 15333774 ... with Euro at basically zero, and CHF at zero. I move slowly most of the time. I have no intention of converting in the direction of USD for 2002, given that it takes USD 500k at the local bank to buy 1.5 Big Mac meals per week from the interest. The printing of USD and the non-borrowing and non-spending of USD seems to be a bit excessive, to the point of frightening. I refer to this post ... Message 14861804 ... but I emphasize I am not a perma-bear. I am an SI documented bear cub starting in November of 1999, turning maximally earnest in March 2000 ... Message 16020847 Then I got infected by this CFZ thread:0) Chugs, Jay P.S. BTW, do you remember our discussion back at start of 2001 ... Message 15134944 "I am waiting to write that particularly nasty note to WSJ and using words like “nepotism” “political dynasty” “opaque” “cronyism” “led by old men” “state intervention” “lack of free market principles” “bubble” “sham statistics” “corrupt politicians” “manipulated election”. I have no time for folks who cannot take a joke and laugh at themselves" ... well, here was a first effort ... Message 16830281 ... and these days I take particular joy in irritating my Dow Jones journalist pals stationed in HK and Beijing, although I do hope the Singaporeans do not start with the Asian values nonsense again:0)