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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (99136)	1/6/2008 12:39:15 PM
From: Tommaso	Respond to of 306849

I will not speculate on foreign currencies in any substantial way, on principle. Not on the principle that it's bad or immoral (as some people think) to bet against your own country's currency, but on the principle that there is no more financially dangerous area of speculation. For example, an act of Congress could make such speculation a crime, overnight, and destroy one's position. But I have been doing pretty well keeping cash balances in my broker accounts and those I supervise in FXY, a convenient way to speculate on the yen versus the USD. Big operators, of course, can do better with direct bank accounts. I never have used Everbank. For us smaller operators, no-fee travelers checks may be a very good way to go, especially since you can spend them. Some hotels in NYC are accepting euros right now.