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

To: yard_man who wrote (24494)	8/17/1998 11:23:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Tippet; Their currency has been going down, letting it float just lets the market set the price, devaluation is more an attempt to fix it with a bandaid but generally done at the urging and for the benefit of those already short the ruble. There is a big difference, and devaluation IMO is to play ball with the same crooks who undermined the economy to start with. OK so I lend you money, then make it were you can't repay, then I short the hell out of your money and tell you devaluate, ha I make more off the short than I lose on the loans. You lose either way, on top of that I now have a lean on your major assets, and I want foreclose on them. There is a lot of sick stuff in unmitigated capitalism, and the backlash from it is always vilified and held up to be the evil, while the Capitalist lives in denial that it had anything to do with creating the backlash. Jim