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

To: BubbaFred who wrote (32366)	10/25/1998 12:38:00 PM
From: BubbaFred	Respond to of 94695

Wobbly world economy seen facing uphill struggle biz.yahoo.com Bay Street Beat: Eye of the storm or Indian Summer? biz.yahoo.com

To: BubbaFred who wrote (32366)	10/25/1998 1:10:00 PM
From: HammerHead	Respond to of 94695

<<Bubba: There is also potential strong competition from the EMU currency, which will keep the US dollar unstable for a while.>> Some estimate the global foreign currency reserves in US dollar will drop from 1.1 trillion as of 1997 to 675 billion by 2000, and the reserves in EURO$ will increase from 190 billion to 495 billion. So the question is how far the Fed can go on lowering the rates, and how quick. Don't we still need foreign money to fund 4 trillion federal debt?