Strictly: Drilling and oil-field services Message Board

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

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To: SliderOnTheBlack who wrote (80646)	12/3/2000 1:18:20 PM
From: GaAs52	Read Replies (1) of 95453

Slider: Dollar's strength I think the overseas money has no place to go other than US. Where in the world they will put so much money and for how long can they stay in cash? The markets overseas are not large enough to absorb such a capital outflow from US. Secondly, the overseas (emerging markets and Europe) are nowhere close to the competitiveness of US. Any drop in the dollar more than 20% will put the overseas competitiveness against US in serious question. I think the dollar's most strength is not due to the 10 years US expansion, but due to highly efficient, flexible and competitive US economy. Emerging economies and the socialist structure of Europe is simply not as efficient. I am personally amazed with the efficiency in US, considering the 4% unemployment rate and while most of the gas stations are run by just one person (at least Southern California). In overseas, you have still 4-5 people in each gas station pumping gas for you, while unemployment at high levels. I think the relative efficiency and competitiveness of US economy is much better than the economic numbers indicate.

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