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To: yard_man who wrote (153241)	2/25/2002 3:24:29 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

Morgan Stanley: A substantial dollar devaluation is approaching for the USA Monday 25 February 2002, 20:24 o'clock DUESSELDORF (dpa AFX) - the USA expects according to Morgan Stanley a substantial devaluation of the dollar in the near future. " the U.S. currency is strongly overestimated and can fall in the next two years between 20 and 30 per cent ", said the chief political economist of the Investmenbank, Stephen Roach, the "HandelsBlatt " (Tuesday). handelsblatt.com Both the American consumers and the entrepreneurs lived over their conditions, therefore the country 2003 with a deficit on the balance of payments on current account of six per cent will have to live. Will hardly succeed to finance the deficit fully. It is not therefore only to be counted on a clearly weaker dollar. Also the interest itself could rise with small inflation, in order to lure far foreign cash in the country, said Roach./ho/js/hi / de.biz.yahoo.com