Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: EL KABONG!!! who wrote (19660)	6/12/2002 9:08:01 AM
From: elmatador	Read Replies (2) \| Respond to of 74559

Not only the Brazilians who are exposed to the dollar devaluation vis a vis other currencies. Ask Jay how much dollar denominated huge reserves Taiwan, China et al. A trillion, Jay? While the dollar depreciates vis a vis other currencies. Sterling and Euro, for instance. US gains competitiveness against EU and England. The dollar is appreciating against the Brazilian Real due to uncertainties surrounding next October elections. There is a flight from the Real as you state, people hedge against the Real fall. For the South American people seek refuge on the dollar regardless the dollar is dropping. It will take a very deep drop of the dollar and for a long period of time, to erase from people's memory the dollar strength. I don't see this happening.