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.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (1328)	7/3/2002 12:25:05 PM
From: re3	Read Replies (1) \| Respond to of 89467

could currencies like canuck $ or aussie $ be the place to be ?

To: Haim R. Branisteanu who wrote (1328)	7/3/2002 1:46:35 PM
From: Jim Willie CB	Respond to of 89467

thanks, Haim... euro consolidates for July that sounds about right with my expectorations also real tough issue on euro upside potential if more dollar abandonment (as I expect), where will currency flight go to? my suspicion is for a "hotpotato effect" first into euros, then later dunno where probably into gold, after coming back briefly into dollars I really expect capital to get frustrated, not knowing where it can hide during a worldwide deflationary episode capital will struggle with indecision I expect USTBonds to experience outflows within months a response suggested the C$ and A$ could be good places this is my view also Canada now has a bustling little economy they are benefitting from both oil/gas and mineral mining I suspect far more from energy patch activity and Canada is running a surplus now on current account I read that during 2001 the US bought $23B worth of energy property from Canada in total the big question in my mind is whether Canada and Australia will capitalize (take advantage) of their mineral wealth in such a way as to fortify their currency and federal debts you still dont see evidence of dollar carry trade? wow, it is very much implied altho hard evidence is not easily found thanks for the quick reply, much appreciated / jim