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Politics : Formerly About Advanced Micro Devices
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To: Bilow who wrote (75598)10/15/1999 8:51:00 PM
From: Dan3  Read Replies (1) of 1572803
 
Re: Overnight action in the Dollar....

I haven't seen it - but that's terrible news. We are so dependant on imports now - most of our oil, many components and finished goods. This is more inflationary than wage rate increases or lower unemployment would be - so the Fed may have to tighten monetary policy. At the same time it represents a fiscal contraction since the higher prices for necessities will work like a tax increase - it could really hit the economy with a powerful one two punch.

Dan
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