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To: Challo Jeregy who wrote (29380)1/27/2002 3:26:41 AM
From: Haim R. Branisteanu  Respond to of 209892
 
Challo if this guy is right that means turmoil in Japan. Several years ago the Yen arrived in the 140 range but then again Europe was in much healthier position.

IMHO the policy of stronger dollar without any reasonable target will force the world to disaster due the various imbalances which result from such policy. Argentina and Turkey already paid the price as was Mexico in the past.

The immediate impact is the flight of capital from weaker nations and high cost for recovery (high interest rates) which automatly result in social and monetary imbalances which usually spiral up due to diminished productivity of the nation affected which leads to social unrest further aggravating the situation.

The G-7 must define a trading range for the currencies to avoid further economic and social instability. NASDAQ and the Internet bubble was a clear example when markets are left to the speculators and WS.

BWDIK
Haim