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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Bonnie Bear who wrote (5127)	7/10/1998 12:07:00 PM
From: Simon	Respond to of 9980

a TV soundbite recently that claimed 70% of the profits of money-center banks were made on currency trading.>>> Ahhh, Could be true, but it also was a "come on" for people to trade currencies. Not particularly a low risk type of trading. I also heard that if unleaded gas prices move UP 6 cents, I will make $12,000 on my original $ 3000 investment. Several utility co's defaulted on derivatives trades re: the price of electricity from other utilities. Southern Co. got hit with a large default by some company. Ahhh, tis way beyond my comprehension. On the practical side, I started getting positive Vibes about the mkt two days ago and look what happened. :-)

To: Bonnie Bear who wrote (5127)	7/10/1998 1:30:00 PM
From: Amelia Carhartt	Read Replies (2) \| Respond to of 9980

Bonnie: I agree with your assessment. When the Euro comes online there will be an alternative to the almighty dollar and the Asians and others will use it. A good number of peoples around the globe do not share our high opinion of ourselves and when the time comes that they can help put a pin in our bubble they will with glee. I don't know if people in this country realize how much the US is resented around the world, rightly or wrongly it matters not. Susan