From: "halur rasho" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Thursday, May 13, 2004 5:56 PM Subject: Re: [Goanet]The fate of the Dollar
> Ms. Ghosh's analysis is a compendum of ideological > beliefs and wishful thinking. > > The US dollar is the world's reserve currency due to > the size of the US economy. It is the biggest market, > by far, for every other economy: the EU, Japan. Thus > every major economy has a vested interest in the > health of the US economy and by implication in the > well being of the dollar. RESPONSE: I can safely vouch and inform you that confidence is a fragile thing. It is, in my opinion, only a matter of time before the U.S. dollar gets hammered down hard. The rest of the World cannot continue to underpin the errant ways of the U.S. Gov't. Let the buyer beware, keep your money in Euros or anything else. The time has come for the Euro to gradually assume the Global position hitherto played by the mighty US Dollar. The way the forex markets are gyrating, signals that the dollar cannot make much more headway against the rest of the World's currencies. The next dollar sell off will be of 'some' magnitude. You heard it here first. If I am wrong the first round is on me at Lounghino's. Time frame max. 18 months, don't be at all surprised, if it happens before September 2004. cheers, Gabe Menezes. ########################################################################## # Send submissions for Goanet to [EMAIL PROTECTED] # # PLEASE remember to stay on-topic (related to Goa), and avoid top-posts # # More details on Goanet at http://joingoanet.shorturl.com/ # # Please keep your discussion/tone polite, to reflect respect to others # ##########################################################################
