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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (232146)	3/29/2003 2:11:16 PM
From: benwood	Read Replies (3) \| Respond to of 436258

"For your information Merrill Lynch just this week merged the only global debt fund they offered." -- Joan, this reminds me of Microsoft. If you can't beat'em, buy 'em and retire 'em. Joan, I have recently begun suspecting that the reason why the dollar has not tanked more (much more) is the consequences on the foreign holders of US debt. They want to mitigate the loss on their end as creditors. How can they graciously exit, what, 2.6 trillion dollars or so, of debt notes? They can't. But somebody big might try to exit first, or an event may happen which will cause a stampede (North Korea?) and it may occur nevertheless.