MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.63

+0.4%

Nov 19 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pater tenebrarum who wrote (26661)	9/22/1999 10:33:00 AM
From: TRINDY	Read Replies (1) of 99985

Heinz, It was interesting to me to read yesterday that L. Summers stated that a strong dollar is in the best interests of the US, but he refused to comment on it further or say what the strategy would be to maintain a strong dollar. What I am wondering is what policy instrument they think they have to keep the dollar strong, other than interest rates? Generally, we would think that higher interest rates would help maintain the value of the dollar. But, higher interest rates could also "tank" the stock market and hasten the flight of capital. So, what's a guy to do? No wonder he didn't want to talk about it. These policy guys have gotten themselves into quite a pickle, it seems to me. I'm not sure there is much they can do, but on balance I think that higher interest rates will be pursued, but not with a vengeance. Cheers!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next