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Technology Stocks : Intel Corporation (INTC)
INTC 38.16+2.5%Nov 7 9:30 AM EST

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To: Tony Viola who wrote (123320)12/19/2000 4:24:22 PM
From: boris_a  Read Replies (2) of 186894
 
Tony: Inflation risk outside of energy?

US foreign debts (treasury, corporations, households) are (much) higher than ever in history. (One of five $ of corporate debts are foreign right now). What do you think what happens if the markets are expecting a (significantly) lower exchange rate for the greenback due to lower interest rates? Can you imagine an accelerated credit crunch and higher import prices? (hint: US trade deficit is at $360B p/a and growing).

Tony, there are inflation risks. And there's something called a global finance system. And AG is thinking about that, believe me.

Regards, Boris

BTW, "You have to aim the puck where the skater is going to be, not where he is right now." Do you really believe there's a single one premier league player who doesn't know that?

[edit] just saw this:
Large trade deficits are a "ticking and growing time bomb (that) could explode in the form of a slumping dollar and higher inflation," John Hancock Financial Services chief economist Bill Cheney said.

from: siliconinvestor.com
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