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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: ynot who wrote (63768)	10/2/1999 12:54:00 AM
From: Ellen	Read Replies (1) of 90042

multex.multexinvestor.com [an excerpt] How does the falling dollar impact your view of inflation and the market? Joe Battipaglia: I believe that the real currency question has to do with the yen's strength rather than a weakening dollar. Further weakness for the dollar lies ahead, in my opinion, due to the continued lack of pickup in domestic demand and investment. In the absence of real domestic demand, government spending and export demand become Japan's main growth engine. Rising fiscal deficits and a strengthening yen bode poorly for these two drivers and could drag against the overall economy. What this means for the U.S. financial markets is the resurgence of the dollar versus the yen and diminished concern over import prices. I'm still learning to understand, with a decent amount of thoroughness, the overall impact of this... [And what in the heck does he mean by: export demand become* Japan's main growth engine*? Hasn't the Japanese economy strongly depended on its exports for a long time - as in since World War II?] Your comments welcome!

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