Re: Re: Re: Re: Re: Samir Amin: Not a Happy Ending

2000-04-29 Thread Dennis R Redmond
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

Re: Re: Re: Re: Re: Re: Samir Amin: Not a Happy Ending

2000-04-29 Thread M A Jones
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

Re: Re: Re: Samir Amin: Not a Happy Ending

2000-04-28 Thread Jim Devine
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.

Re: Re: Re: Re: Samir Amin: Not a Happy Ending

2000-04-28 Thread Michael Perelman
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

Re: Re: Re: Re: Samir Amin: Not a Happy Ending

2000-04-28 Thread M A Jones
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

Re: Re: Re: Re: Re: Samir Amin: Not a Happy Ending

2000-04-28 Thread Jim Devine
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

Re: Re: Re: Samir Amin: Not a Happy Ending

2000-04-27 Thread Dennis R Redmond
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

Re: Re: Re: Re: Samir Amin: Not a Happy Ending

2000-04-27 Thread M A Jones
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

Fw: Re: Re: Re: Samir Amin: Not a Happy Ending

2000-04-27 Thread M A Jones
- 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