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Strategies & Market Trends : New US Economy Policy
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To: Arthur Tang who wrote (200)1/11/2000 5:59:00 AM
From: Arthur Tang  Read Replies (1) of 435
 
World economy was seriously threatened by Chinese news of cutting back their small steel foundry in the interest of limiting capacity to arbitrarily promote inflation in China. In the mean time, America is interested in increasing capacity to build ships and bigger steel cars and trucks. The economy theories of the past believed in stagnation in economy is the best solution to stability in currency. The new economy which has been practiced for the last eight years is microeconomy in nature; and it believes in obsolescense and replacement, which practices abundance and strong currency resulted from mass production and cheap cost of making products. These practices were not new, it came with the industrial revolution. However, the new economy would not flourish, if the industry was not educated to understand its role in making obsolescense and replacement practice typical of society, today.
Strong currency is the ability to purchase many goods inexpensively to promote our standard of living. Not in any way or form the exchange rates between currencies of different countries. Microecnomy will teach the world economy a lesson, which nobody should forget. Japan, wake up, don't fool around with your currency exchange rates and ruin your economy; Equador, peg your currency and start mass production in your country.
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