Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Hawkmoon who wrote (914)	11/24/2000 12:37:54 AM
From: rajaggs	Read Replies (2) of 74559

>> Not to mention the insane consumer spending leading to massive trade deficits - in the end will lead to a dollar collapse and further Fed tightening.<< I always thought that it will take a major shift in confidence of foreigners in US dollar, to precipitate a collapse in value of US$. Would you agree with that.? The consequences of a weaker US$ would be; 1-The US would be able to sell more goods abroad. 2-The US would be a less attractive market for foreign goods. (1+2)- would reduce the US foreign trade deficit. 3-it would allow countries such as Korea & Japan to pay less for oil, which is priced in US$. Thus allowing them to keep buying foreign goods. Most of the above seem to me, to be beneficial to the USA. Care to comment on that and also what the downsides might be.??

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