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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (14768)	3/7/1998 8:47:00 PM
From: posthumousone	Read Replies (2) \| Respond to of 94695

how bout this to throw a wrench in things? i havent seen any talk on here about single European currency Resdner Bank says Euro will have big impact on U.S. ÿACAPULCO, Mexico (Reuters) - Dresdner Bank AG chief economist and general manager Klaus Friedrich said Saturday he expected the introduction of a single European currency to have a major impact on U.S. economic policy. ÿ "The Euro will mean the end to the policy of benign neglect with regard to the dollar," Friedrich told a Mexican bankers convention in the Pacific coast resort of Acapulco. ÿ "That policy has brought considerable benefits to the United States and enabled the United States ... to command decades of enormous external current account deficits by printing more of its own money." ÿ Friedrich said that with a viable alternative as a trading and reserve currency, "the U.S. will have to think about eventually balancing its current account or the market might do it through a devaluation of the dollar." ÿ The German banker, addressing the Mexican Bankers Association annual meeting, said the result could be tighter U.S. monetary policy after the introduction of the European currency at the start of next year. ÿ Friedrich, whose speech was titled "Hello Euro, Goodbye Dollar", said the "odds were now overwhelming" that the Euro would be introduced on time and according to the conditions set down in the Maastricht Treaty on European Union. canoe2.canoe.ca

To: William H Huebl who wrote (14768)	3/8/1998 3:14:00 AM
From: paulmcg0	Read Replies (3) \| Respond to of 94695

[Support level #2: 7,100] Probably the preferred choice - a 15-20% correction hopefully over time so people don't panic too much. [Support level #5: 2,700] Scary, but a real possibility -- the Dow fell 90% during the Great Depression. A Southeast Asian style market meltdown with profound consequences for America. These consequences, would include lower tax revenues for years to come (millions of people claiming the $3,000 capital loss deduction per year), huge government budget deficits, large-scale unemployment, retirement postponed or cancelled for the "Baby Boomer" generation, tens of millions of bankruptcies, etc. Paul McGinnis