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Re: Keynesian Christmas!-- and the collapsiing international

> "Alan G. Isaac" wrote:
>>   Who will hold the high inflation *currency*?
>> As always, expectations are a crucial determinant of asset holding.

On Sun, 30 Dec 2001, Henry C.K. Liu wrote:
> The market will hold both currencies if both are supported by
> compensatory interest rates.

*Currency* does not bear interest, which was the point of the
emphasis.

Cheers,
Alan
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