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Politics : Ask Michael Burke

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To: Tommaso who wrote (77686)3/12/2000 9:05:00 PM
From: Terry Whitman  Read Replies (1) of 132070
 
Great projections. I agree with most of them.

This one I don't quite get-
>4. The dollar will suffer a decline of 20% or more against other major currencies, especially against a stengthening Euro.<

The rest of the world seems to be printing as fast as we are. I say they are all devalued together. The buck should hold it's own, relatively speaking. The U.S.$ is still the world standard, and I don't see what will replace it. The euro? Not likely, with a bunch of socialist spenders. The yen? Not likely while their economy continues to shrink.

I can see gold, oil, real estate, and other hard assets gain against paper, but other paper?

Regards,
Terry
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