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Strategies & Market Trends : Investing during a Bear Market -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (57)	11/10/1997 9:58:00 AM
From: Alfred W. Post	Read Replies (1) \| Respond to of 226

And am I aware of the devluation of the $. When I returned back to Switzerland after having lived in the USA for 20 years in 1971 (I left, because I had becom almost blind and could no longer drive a car) I changed my $ for Fr. 4.30. Had I kept them - what a loss. They are worth now Fr. 1.40-1.50. But I think this devaluation should be looked at differently. During the after the war period until 1971 US firms were able to buy foreign firms with their high priced $ cheaply. And they did a lot of buying -- very smart!!Once this buying was over why not drop the $? This was a very shroud trick and it worked. Possible that it was incidental not planned, but who cares it is a fact of live and a terrific windfall for the USA. yours Fred from Switzerland