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

To: TobagoJack who wrote (19451)6/3/2002 9:59:55 PM
From: EL KABONG!!!  Read Replies (2) | Respond to of 74559
 
Hi Jay,

Nice article there by Mr. Roach...

Quick question for you... How badly will the dollar's demise in the currency markets impact South American countries, especially Argentina and Venezuela? If this event comes to pass, couldn't it literally topple their fragile economies?

KJC



To: TobagoJack who wrote (19451)6/3/2002 11:30:59 PM
From: LLCF  Respond to of 74559
 
<<Mr Roach is already hinting not so subtly about central bank overhang of USD reserve>>

I think what people don't understand is that if there was ever REALLY a dollar crises [loss of faith in a meaningful way] the repercussions would be beyond anything anyone has heard on TV or in analysis other than the 'bear rags'.

Even a partial shorter term loss of confidence will have substantial negative impact on stock and bond markets here.

DAK


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