THE RUSSIANS ARE FOLLOWING THE DOLLAR CLOSELY...
SO THEIR GREATER INTEREST IN THE COMMENTS OF GREENSPAN AND OTHERS IS "NEWS"...!
THE US $100 BILL IS STILL THE "UNDERGROUND" ECONOMY'S "COIN OF THE REALM" IN RUSSIA...
ANY RUSSIAN WITH MONEY HAS A LOT OF IT IN US $100 BILLS IN HIS SOCK DRAWER...
AT SOME POINT THE RUSSIAN "MAN ON THE STREET" MAY MOVE TOWARD THE EURO...WHICH IS STRONGER...AND EASIER TO SPEND IN EUROPE...
INDEED, IN EASTERN EUROPE-- EVEN NOW... HOTEL ROOMS ARE NOT "PRICED" IN LOCAL CURRENCY...BUT RATHER... IN EUROS...!
THUS ELIMINATING THE "DOLLAR ADVANTAGE" MANY AMERICAN TOURISTS THINK THEY WILL GET IN THE OLD SOVIET UNION...!
CURIOUSLY...IT COULD BE THE SMALL SCALE SAVER IN FOREIGN ECONOMIES, LIKE RUSSIA, THAT BRINGS DOWN THE DOLLAR...!
