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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: awi who wrote (68433)2/16/2001 10:32:13 AM
From: Perspective  Read Replies (1) of 436258
 
Long-term the buck is in trouble. You can't do a 4 for 3 split on everybody's greenbacks and expect the currency to continue to rise. Greenboink's actions are no different than a company printing shares day after day (although that didn't matter to Sickso for a long time either <g>).

When it is clear that the US is the EPICENTER of the weakness, the buck will take out the recent lows. Lots and lots of foreign money waiting to be repatriated, and lots of current account deficits to be paid for.

The combination of economic contraction, devaluing of the currency, lower interest rates, current account deficits, and weak stock market will finally come home to roost.

BC
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