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

To: Zeev Hed who wrote (5582)8/16/1998 11:16:00 PM
From: Cynic 2005  Read Replies (1) | Respond to of 9980
 
<< which will spread first to Poland >>
Highly unlikely. Poland will likely withstand all these tremors better than even the US can. Unlike many of the western and Asian economies, Polish currency is backed strongly by gold reserves. At the risk of being called a gold bug, I think we will see the end to current currency chaos by returning to some sort of gold standard among many countries.



To: Zeev Hed who wrote (5582)8/16/1998 11:22:00 PM
From: Joseph G.  Read Replies (1) | Respond to of 9980
 
<< a lengthy period like the 1966 to 1982 period here, where markets worldwide
digest overcapacity>>

Just the opposite - the period 1966-1982 was a period of undercapacity, inflation. Overcapacity results in deflation. 2 + 2 = 4.


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