Thurow and Euro

[J Cullen]

If there is a run on the dollar, causing it to fall in value versus the
euro, could that be a good thing for American producers, since American
products would be more competitive on the world market? In other words, who
gets burned if the dollar falls, bankers or workers?

-- Jim Cullen


>Tom:
>
>Have not read it, but if the message is that the euro will provide global
>funds another safe haven alternative to the dollar, causing a run on it and
>forcing it to fall, Thurow has been saying that for almost a year.
>The prospect is real and imminent.  Most central banks and institutions are
>fully set up to move on January 1, 1999.  Much dollar assets are already
>hedged.
>
>Henry
>Tom Lehman wrote:
>
>> Dear Doug and the LBOers,
>>
>> Anyone read Lester Thurow on the Euro in the January 11th edition of the
>> Nation.  Anything tu-it.
>>
>> Your email pal,
>> Tom L.