Re: ECB and world-wide recession

["Alan G. Isaac" <aisaac@xxxxxxxxxxxx>]

On Thu, 3 May 2001, J. Barkley Rosser, Jr. wrote:
>       Although it is not supposed to according to
> all kinds of commentators, I suspect that it will
> take the full replacement of the national currencies
> as Mo by the euro next year before the ECB will
> really be in a position to "gain respect."  It might
> happen at that time if the predicted rush out of
> dollars into euros by all kinds of black marketeers
> and underground economy types materializes,
> thereby giving the euro a big boost in value.

Well prediction is not a strength of economists.
But recalling your earlier prediction
  http://csf.colorado.edu/cgi-bin/mfs/55/csf/web/mail/pkt/may98/0052.html
I'll stick with mine
  http://csf.colorado.edu/mail/pkt/may98/0053.html
The euro will not replace the dollar anytime soon.

Alan