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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (11126)	5/19/2003 11:38:16 AM
From: russwinter	Respond to of 39344

<and will not, willingly, raise interest rates for quite some time> "Willingly" is the key word of course. I'm making a distinction, as I'm looking for the market (foreign investors) vigilantes to force the issue. The model for this kind of capital flight scenario was Asia in 1998 (or Mexico, or Brazil at various times). As capital fled and currencies collapsed, those countries were forced to raise rates to keep capital from unloading completely on them. This is what this feels and looks like to me on this USD rout, and reckless monetary policy. The market (not the Fed) may deliver an unexpected verdict: currency collapse AND interest rate back up.