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

["M A Jones" <jones118@xxxxxxxxxxx>]

----- Original Message -----
From: "M A Jones" <jones118@xxxxxxxxxxx>
To: <pen-l@xxxxxxxxxxxxxxxxxxx>
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
done
> almost every year since 1991. Is it also a no-brainer to buy up some
roubles
> right now?

While I think about, the US has run a b of p deficit for at least two
decades, so obviously we should have been piling into roubles since at least
1973, when one rouble was worth 1.7 US$ (unlike today when one dollar buys a
kilo of dried roubles). The UK (which recently overhauled France in GDP,
thus proving again the superiority of Anglo-Saxon methods) ran a deficit for
most of the 19th century; no doubt the brainless thing then was to bale out
of Nepalese rupees, Bahamian cowry shells etc and jeopardise your children's
inheritance by buying sterling.


Mark Jones
http://www.egroups.com/group/CrashList