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Ace Hanlon

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Ace Hanlon

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Re: mlsoft post# 25418

Saturday, 09/14/2002 3:44:20 PM

Saturday, September 14, 2002 3:44:20 PM

Post# of 704041
I don't know about 90, but I am quite sure the. buck will drop below par the next leg down.

I expect the dollar to do much worse versus the Euro than versus the Yen. The recession is indeed global, but Europe is not running big trade deficits and short-term rates are higher there than here. Plus they are not alienating big foreign creditors as Bush is doing.

But whether the buck drops to 99 or 90, global stock markets are poised to plunge to new lows soon after the next dollar route begins IMHO.

“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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