Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: X Y Zebra who wrote (506)	8/28/1998 6:51:00 PM
From: Paul Berliner	Read Replies (1) \| Respond to of 3536

The only answer really needed is #1, education. In every country where the majority of students complete a high-school level education, you have a respectable standard of living. It'll vary, but its certainly far from living in a shack on the Serengetti. I don't have to name the one particularly well-off, tiny middle-east nation of educated technological wizards making scientific breakthroughs daily, ironically surrounded by mostly 3rd world countries containing citizens living life exactly as it was lived 100 years ago. BTW, I believe the dollar's weakness vs. the yen (it hasn't really slid significantly against the DM) is the result of short covering by only a handful of mega funds & specs, in need of meeting new margin calls yielded by the Russian Default. These funds bet on a G7/IMF bailout and lost. Heavily.