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Ultimately, I see the euro at 70 cents and the yen at 160+, BUT the recent
reversals kinda have the feel of B waves and intervention to solve
developing country crises around the world sounds like Greenspan. Would not
surprise me one bit.
Be careful out there,
Chris
----- Original Message -----
From: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>
To: "OmegaList" <omega-list@xxxxxxxxxx>
Sent: Wednesday, July 11, 2001 6:58 PM
Subject: Re: $ "devaluation" rumor???
> Dollar deval? I don't see it. Japan is in the toilet. Singapore and
> Thailand are headed there. China is still slow. Europe is sluggish with
no
> signs of recovery and their ECB is not loosening. Half of South America
is
> on the brink of default again and Argentina (or is it Peru?) is talking
> about breaking the $ peg. Where is money going if not the good ole USA?
>
> Bill Wolman on CNBC last Friday did point out that the last time the world
> was in a circumstance similar to this one was 1930.
>
> And regarding your inflation comment, I noticed that different media
outlets
> are beginning to push the concept of separating "wage inflation" from
> "inflation inflation". Sort of like "PPI minus food and energy". Or "PPI
> minus inflation" equals "no inflation".
>
> Someone else (don't remember who) made a really good point that the thing
> everyone is currently hanging their hat on, the fact that we may be in a
> recession right now and unemployment is still well below 5%, could be the
> one thing that torpedoes us on the rebound. The theory is that as soon as
> the ecomony starts to recover, unemployment will start sinking again and
> inflation will skyrocket.
>
> Of course, with our trade balance where it is right now, if the $ did
start
> down, it would be a real bitch.
>
> Kent
>
>
> ----- Original Message -----
> From: "Bilo Selhi" <citadel@xxxxxxxxxxxx>
> To: "Omega List" <omega-list@xxxxxxxxxx>
> Sent: Wednesday, July 11, 2001 7:15 PM
> Subject: $ "devaluation" rumor???
>
>
> there is rumor circulating primarily
> from overseas that $ will be aggressively
> sold in the near future.
> can anyone confirm?
> also circulating a rumor about
> new banknotes?
>
> the buck is super strong now and
> the time where the cost of money is
> low and prices are shooting sky high
> and the economy is crapping.
> all what's needed to devalue is here...
> who remembers the last time the buck
> got devalued???
>
> bilo.
> ps. of course CNBC f..cking worthless propaganda
> is saying inflation is under control and strong
> $ is good...
>
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