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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (50998)5/6/2002 9:14:45 AM
From: Jim Willie CB   of 65232
 
Ultra-Strong USdollar policy is a disaster, longterm
it eroded the country's mfg base
it sent 1,000,000's of jobs overseas
it led to massive trade debts
it ushered in the era which built the stock & bond asset bubble

then the aftermath:
it led to the Y2K crash
it has broght a 3-yr bear market
it has resulted in bankruptcies too numerous to count
it will next bring a dollar decline
which opens the back door to imported inflation
then a stormy mix of deflation thru the product economy AND inflation in the energy and commodity economy
and finally a resumption of federal debts while we are in a constant war

the unwinding of the Ultra-strong USdollar will continue to be horrible
it will bring continued surprises, airpockets of hotmoney, collapse of more companies, a big rise in gold&silver, and more inflation than people expect eventually

history will not treat Rubin kindly
/ jim
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