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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (9686)8/9/2000 12:10:32 PM
From: LLCF  Read Replies (1) of 436258
 
< initially it would actually lead to a further expansion of
the current account deficit, as import prices begin to rise.>

Yes, I see..... inflationary to nth degree as well near term as we are so used to cheap foreign goods, especially oil... luckily it is priced in dollars, not that that would stop a price rise... I suppose it may mute it. It seems to me that in reality it would help the 'old economy' [speaking longer term] become more competative, while the new economy has very little foreign competition so it would be a wash for sales overseas as U.S. tech is the only game in town anyway?

DAK
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