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Politics : Ask Michael Burke

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To: Freedom Fighter who wrote (77216)	3/8/2000 1:50:00 PM
From: BGR	Read Replies (2) of 132070

There is a difference between loose money and trying to hyperinflate out of the great depression. That being? I'm far from expert on currencies, but here's my limited understanding. The dollar has remained strong for a variety of reasons. Many smaller countries printed money even faster. What about the ECB and the Euro? Interest rate differentials. ex. I might be willing to take 6% on a currency that is being debased 2% quicker than another that is yielding 2%. What about the ECB and the Euro? The momentum of US equity markets is encouraging more inflows. (not value related) I guess that invalidates the rise of the dollar? <VBG> "Cyclical" economic growth differentials. Growth differecials, yes, now we are talking! That always remains the key. The US is growing like crazy. As for cyclical ... we will see. The jury IMHO is still out. Political pressure on foreigners to support US financing needs in exchange for everything else the US offers the world. I LOVE conspiracy theories! The delusional idea that the world can have a "very stable" "fiat" currency system with the dollar as the reserve currency. Why is it delusional (outside of you subjective impression, that is)? -BGR.

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