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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (34198)10/20/1998 10:35:00 AM
From: Mike M2  Read Replies (1) | Respond to of 132070
 
MM, the point is all other things equal lower rates make the US dollar less attractive to foreigners. The US dollar has fallen about 20% against the yen in the last two weeks-not very encouraging for Japanese investors. The momentum for dollar based financial assets has peaked. Asian based investors can buy assets cheap perhaps below replacement costs in some cases. Alternatives to the buck GOLD. They can't print it. Mike



To: MythMan who wrote (34198)10/20/1998 4:19:00 PM
From: Mama Bear  Read Replies (2) | Respond to of 132070
 
"Name me one currency you would hold in lieu of dollar?"

The Swiss Franc.

Barb


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