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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Bid Buster who wrote (1980)	5/28/2003 11:00:18 AM
From: GraceZ	Read Replies (1) \| Respond to of 4912

The market for dollars is far too big for anyone to effect. In the past they tried. Intervention was far higher in the old days back when they still believed it worked, now they know its a waste of currency. Maybe what the Japanese are doing will slow the descent down, but the dollar will find a level at which people want it regardless of any intervention. Even currency crises typically have a good outcome, Friedman said. Why? Because people in a weak position sell their currency to people in a strong position. So there's more money in the hands of people who can use it to help the broader economy.