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To: Ron Schier who wrote (3477)11/23/1997 8:33:00 PM
From: Bucky Katt  Read Replies (1) | Respond to of 116810
 
RS -If/when that happens, we are in a world of shi*. By that I mean the American worker.



To: Ron Schier who wrote (3477)11/23/1997 10:07:00 PM
From: Albert V  Respond to of 116810
 
VERY IMPORTANT: I heard that a U.S. law passed a while
ago was a balanced budget amendment. Can anyone tell me
about this and its particulars, balanced budget required by when??
(affects U.S. demand for $)
Albert



To: Ron Schier who wrote (3477)11/23/1997 11:39:00 PM
From: Ron Wilkinson  Respond to of 116810
 
Ron, something I had'nt considered until your comment....When these
countries devalue their money they have to come up with alot more of
it to continue buying US debt at the rates they have been. Either they will exasperate their own money problems by exporting more of it to buy debt, or if there are fewer buyers then interest rate are going up in the US. Just thinking out loud. Ron


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