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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Telemarker who wrote (75412)10/3/2000 11:04:07 AM
From: Crimson Ghost  Read Replies (2) of 95453
 
My take is much broader than commodities.

The US has sucked huge amounts of capital from abroad these past 5 years. That has greatly boosted the relative performance of the US economy and markets for quite some time. No big trick to keeping inflation down and interest rates low when you can import huge quantities of foreign goods and pay for them by simply printing IOUs.

When this capital flow starts to reverse the relative performance of the US economy and financial assets will drop a lot.
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