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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: BigBull who wrote (75236)10/1/2000 3:38:10 PM
From: Crimson Ghost  Read Replies (1) of 95453
 
Bull:

I think many foreign interests initially welcomed dollar strength as it gave a boost to their weak economies and hiked returns on their US investments. Some still do. None other than Gerhart Schroeder said recently that he thought the weakness in the Euro was a good thing.

But there can be too much of a good thing even for these people, and I think we have reached that point with the dollar. Modest dollar strength is one thing, but the relentless trashing of a host of foreign currencies is something else again. Together with surging oil prices, it raises the spectre of a massive inflation overseas. All so a bunch of pampered Americans can continue living WAY beyond their means via never ending balance of payment deficits.
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