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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?


To: Chip McVickar who wrote (110)5/14/1998 11:39:00 AM
From: Henry Volquardsen  Read Replies (1) | Respond to of 3536
 
Chip,
I'll try and read the article later and comment. From your synopsis I suspect I will strongly agree with the article.

Meanwhile a little financial humour
Message 4455824

Henry



To: Chip McVickar who wrote (110)5/14/1998 10:48:00 PM
From: Hector  Read Replies (1) | Respond to of 3536
 
Chip,

In 1929, a couple of months before the great crash, Irving Fisher, probably the most prominent American economist of the century, stated that the country had reached "a plateau of permanent prosperity".

Fisher lost most of his sizable fortune in the Depression. There's a reason Economics is known as the "dismal science".

Regards,
Dave



To: Chip McVickar who wrote (110)5/15/1998 1:46:00 AM
From: paul ross  Read Replies (1) | Respond to of 3536
 
As a newby to this thread, would like to add my 2 cents.

One potential problem is the US debt at $5.5 trillion and growing. brillig.com
Any impetus to dump US paper for Euros, gold, or whatever would have an immediate impact on interest rates and could start a downward spiral. Over the past couple of months Japan has dumped a substantial number of dollars in its bid to bolster the Yen, causing the Fed to drain reserves and put upward pressure on interest rates. biz.yahoo.com
This scenario coupled with potential other sparks ("oil" wanting payments in Euros) might start a sea of repatriated dollars floating back to our shores.

And for the more conspiracy theory oriented, a scenario as described in the URL below:

#reply-3522496

PR