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Will be visiting that side of the world next week.
Anybody living in Poland on this list?
-----Original Message-----
From: Felix TY <felixty@xxxxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Sunday, August 30, 1998 2:14 AM
Subject: Re: Russia - Problem - what problem?
>> Michael,
>>
>> The only possible reason I can think of is The Federal Reserve will be
lowering
>> the interest rate soon. And now being preempted by the smart money. Look
at Yen
>> sudden recovery because all its bad news has been discounted,almost no
more worse
>> news to go for the immediate future, the shorts are starting to cover,be
it hedge
>> fund
>> managers, central bank and the major international banks. Since this move
will come
>> as a surprise to the markets (public at large). But not the smart money.
>>
>> Anyway , a lower US rate and currency will be a great helping hand and
breathing
>> space for all countries in crisis in the world right now and at the same
time help
>> support US market (and also lower cost of doing business by US companies)
too!
>
>> So, this is a very rational decision.
>
>> Felix
>
>
>
>> > The US dollar started DOWN in earnest this past two days. Notice the
strange
>> > strength in the JY. Was it the banks manipulating again or a
fundamental
>> > shift in the intermediate term world wide sentiment on the US dollar?
>> >
>> > Every country's currency has been crapping, except America, yet today
the
>> > USD is dropping. Why is that?
>
>
>
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