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
On Thu, 27 Apr 2000 [EMAIL PROTECTED] wrote:
> >Dennis R Redmond wrote:
> >>There
> >> probably will be a tomorrow for this world-system, but it'll be
> >> transacted in euros.
>
> so should we give up the struggle? i don't see the point..
No, you take the struggle global. The euro, yen and dol
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
>When it was launched the euro bought $1.16. Parity - where one euro bought
>one dollar - was deemed unthinkable. Today, however, one euro is worth just
>over 91 cents.
>.
>The problem for the euro is that throughout its life there has been a very
>attractive something else - the dollar.
- Original Message -
From: "M A Jones" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Friday, April 28, 2000 3:57 AM
Subject: Re: [PEN-L:18398] Re: Re: Re: Samir Amin: "Not a Happy Ending"
>
> Hey, Russia posted a whacking bal of payments s
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
On Fri, 28 Apr 2000, M A Jones crossposted:
> Mark Milner, deputy financial editor The Guardian
> Thursday April 27, 2000
>
> How low can the euro go? ... Today the currency slumped to fresh lows on the
> foreign exchanges despite a rise in interest rates by the ECB.
This is known as a buying
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