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Non-Tech : The Euro Dollar and The Impact on International Currencies
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To: Tech Master who wrote (3)10/7/1998 12:27:00 AM
From: Moneysmith  Read Replies (1) of 28
 
I don't believe Alan Greenspan is a Machiavelli.

Deliberately trying to "tank" one's currency is unprecedented; while we can see some benefits accruing from a weak dollar there are plenty of pitfalls. The cost of borrowing would go up; the cost of finished goods would rise as we pay more for imported raw materials; imported finished goods would become more expensive. The American consumer must feel confident about the price outlook and the value of the currency or that confidence will quickly erode. The lousy stock market is already taking a toll. Finally foreign investors will be leery of putting funds into the US market..not good for the NYSE etc.etc.
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