Jim Devine wrote:
> Eventually (in 1985-7), the dollar fell (in
> inflation-adjusted terms, using the trade-weighted measure), due to the
> large trade deficits (which had not yet turned into current-account
> deficits) and due to a convergence of US interest rates with those of the
> rest of th
On Fri, 28 Apr 2000, M A Jones wrote:
> Hey, Russia posted a whacking bal of payments surplus last year and has done
> almost every year since 1991. Is it also a no-brainer to buy up some roubles
> right now?
That sounds like a challenge to me. Only trouble is I'm not a Malt Man.
But I'm willing
I wrote: > shouldn't the large US current account deficit signal a fall in
the US$ and a rise in the Euro sometime in the near future?<
Mark Jones asks:
>Why?
because the current account deficit is larger than ever before, with US net
indebtedness contributing via the income account. The dolla
Jim Devine wrote:
> shouldn't the large US current account deficit signal a fall in the US$
and
> a rise in the Euro sometime in the near future?
Why?
Mark Jones
http://www.egroups.com/group/CrashList>
Not if people expect the NASDAQ to go up 50% this year. Rational expectations,
you know ...
Jim Devine wrote:
>
> shouldn't the large US current account deficit signal a fall in the US$ and
> a rise in the Euro sometime in the near future?
--
Michael Perelman
Economics Department
California
Mark Jones
http://www.egroups.com/group/CrashList
Dennis R Redmond wrote:
> This is known as a buying opportunity of historic proportions. Some future
> George Soros out there is going to make an unholy killing by snapping up
> EUR and dumping USD.
Hey, Russia posted a whacking bal of payments
