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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: AC Flyer who wrote (34543)	5/31/2003 7:39:09 PM
From: TobagoJack	Respond to of 74559

Hi ACF Mike, <<Imagine that. I guess folks out there prefer to hold the currency of a politically stable, fiscally responsible country after all. Particularly when that currency is temporarily on sale>> ... yup, right now, especially for the Argentine Peso, Brazilian Real, Indian Rupee, Russian Ruble, Japanese Yen, Zimbabwe Dollar, South African Rand, and ... oh, gold. Chugs, Jay

To: AC Flyer who wrote (34543)	6/1/2003 12:07:27 AM
From: elmatador	Respond to of 74559

To have value have to be scarce. If you fire sale it, then the scarcity is not there. Whomever is buyng is because they haven't got the knowledge to where this thing is going. The US is capitalizing on the perceived value of the USD by the ignorant masses of this world. They are stucking their matresses with something that will not return to its past value vis a vis other currencies. (Remember Argentina aritifically keeping the value of its currecnyon par with the US?) I agree with Jay. The USD won't reach 1.5/Euro. But it will stay arounf 1.25 for quite a while.