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
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 the
When it was launched the euro bought $1.16. Parity - where one euro bought
one dollar - was deemed unthinkable. Today, however, one euro is worth just
over 91 cents.
.
The problem for the euro is that throughout its life there has been a very
attractive something else - the dollar.
Not if people expect the NASDAQ to go up 50% this year. Rational expectations,
you know ...
Jim Devine wrote:
shouldn't the large US current account deficit signal a fall in the US$ and
a rise in the Euro sometime in the near future?
--
Michael Perelman
Economics Department
California
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
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
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
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
- 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 surplus last year and has
don
