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

The reality of German involvement in central Europe [was Re: Samir Amin: Not a Happy Ending (fwd)

2000-04-29 Thread M A Jones
Dennis R Redmond wrote: The Opposing Team is Daimler, Sony, Mitsubishi, Nokia, etc. and not just Microsoft and Intel. We've got to think *past* the Wall Street Bubble, not just against it. Germans flock East for cheap sex and petrol FROM ALLAN HALL IN CHEB, CZECH REPUBLIC AS a boom town

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: Samir Amin: Not a Happy Ending

2000-04-27 Thread Dennis R Redmond
On Thu, 27 Apr 2000, Louis Proyect crossposted: Conclusion to "Not A Happy Ending" by Samir Amin, published in Al-Ahram. http://www.ahram.org.eg/weekly/1999/462/samir.htm US HEGEMONY ATTACKS --THE 21ST CENTURY WILL NOT BE AMERICAN: There are no European TNCs: only Briti

Samir Amin: Not a Happy Ending

2000-04-27 Thread Louis Proyect
Conclusion to "Not A Happy Ending" by Samir Amin, published in Al-Ahram. Full article online at: http://www.ahram.org.eg/weekly/1999/462/samir.htm US HEGEMONY ATTACKS --THE 21ST CENTURY WILL NOT BE AMERICAN: In this chaotic conjuncture, the US took the offensive once more to reest

Re: Re: Samir Amin: Not a Happy Ending

2000-04-27 Thread M A Jones
Dennis R Redmond wrote: There probably will be a tomorrow for this world-system, but it'll be transacted in euros. Living in the shadow of the dollar Mark Milner, deputy financial editor The Guardian Thursday April 27, 2000 How low can the euro go? ... Today the currency slumped to fresh

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: Samir Amin: Not a Happy Ending (fwd)

2000-04-27 Thread md7148
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.. Mine Doyran SUNY/Albany

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