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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (15244)	2/20/2002 7:02:38 AM
From: Moominoid	Read Replies (1) \| Respond to of 74559

You are remarkably optimistic tonight. But, what do you think might really happen? <GG> That's what I think will happen....This is a financial busts thread? No? Re: interest rates are working in the opposite direction on the FOREX market than in the standard macro textbook treatment Now that is a fascinating observation and way above my pay scale. Could you dim this down so a country boy can get some notion of what the heck it was you just said? Usually people assume that higher interest rates raise the value of a country's currency. I don't believe that is the case for the USD recently or going forward. Decline relative to which other depressed currency? The shekel, the drachma, the ruble, the zloty, the rinminbi or what? USD is overvalued in terms of purchasing power against everything else that I've noticed, apart from maybe Sterling. And the US has a huge current account deficit. The only problem is where they are going to put their money instead... how about gold? :) David