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Politics : Ask Michael Burke

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To: ild who wrote (88875)1/26/2001 4:15:29 PM
From: Freedom Fighter  Read Replies (1) of 132070
 
ild,

It appears that currency traders are currently focusing on economic growth as the primary factor in currency values. Over the long haul though, I believe that high money growth relative to GDP and a large current account deficit will rule the day. IMO the USD is on the fast track to devaluation. The only thing that can prevent that is a competent central banker that puts the currency above the short term economic outlook. There's no such thing in the US these days. :-)

Wayne
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