On Thu, 29 Jan 1998, Richardson_D wrote:
> So perhaps the plan is to make the mark into much more of an
> international currency. The question for the global economy is then
> whether Germany, with or without the EC, is willing to assume the role
> of the U.S. as the consumer of last resort.
Ac
anuary 28, 1998 6:15 PM
To: pen-l
Subject: Re: Bear Market? (Formerly Japan's MoF)
On Wed, 28 Jan 1998, Richardson_D wrote:
> Thus we get to the question as to what to replace it [the U.S. dollar
as
> world reserve currency] with. This is a
> very hard question for the
On Wed, 28 Jan 1998, Richardson_D wrote:
> Thus we get to the question as to what to replace it [the U.S. dollar as
> world reserve currency] with. This is a
> very hard question for the individual but also for the monetary
> authorities -- there just aren't many currencies out there that look
>
there that look
good just now. Yet without a resolution the global financial system
will collapse. Are they hoping for the Euro?
Dave
--
Sent: Tuesday, January 27, 1998 10:23 AM
To: [EMAIL PROTECTED]
Subject: Re: Bear Market? (Formerly Japan's MoF)
In a message dated 9
Dave Richardson wrote,
>. . . the medium-long term situation is quite different and the
>dollar just cannot go on as the international currency under these
>conditions.
>
>Thus we get to the question as to what to replace it with. This is a
>very hard question for the individual but also for the
In a message dated 98-01-26 18:24:22 EST, you write:
<<
Yet what else can they try? At some level of international indebtedness
the willingness of speculators to hold dollars will disappear, and it
would appear from your chart that that day is fast approaching. At
least the low interest ra
This message is in MIME format. Since your mail reader does not understand
this format, some or all of this message may not be legible.
-- =_NextPart_000_01BD2A85.511C5470
Hi Doug --
As far as I can see the Fed is controlling the market very closely these
days with 3-month treasuries. At le
