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: TobagoJack who wrote (27216)	1/10/2003 4:27:38 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

No. Not yet Jay. Sitting tight on my US$ for now, waiting and watching. I missed my Kiwi$ boat by 2 weeks nearly a year ago and hoped for a lapse back which never came - the US$ has dropped 25% since then. I dare say there might be another 25% to go, same as a decade ago. In 1995, 80yen = US$1, so there is plenty of scope for US$ pandemonium before world records are set. Which isn't to say I think it'll necessarily go that way. NZ$1 at its peak was US70c, then fell all the way to US39c a couple of years ago. Now cycling back and up to US53c. I am in frightened rabbit posture. Deer in headlights stance. Cowering wimp mode. My US$ are sitting there, vulnerable. I am depending on my fallback position of our estimable hero, Uncle Al KBE, raising interest rates to defend the world's pre-eminent currencies value against the barbarian hordes. Which will cause some dismay in the housing industry and keep Americans working at the mine instead of resting on their low interest rates. It'll give a bit of a jolt to USA industry too - especially those owing money [unlike QCOM with a big stack of cash and more rolling in. All good fun. He cannot afford to let the US$ turn to Argentinian style money. He'll have to let other things go down the gurgler first. Mqurice