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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Haim R. Branisteanu who wrote (75246)3/4/2001 3:35:37 PM
From: Joan Osland Graffius  Read Replies (1) of 436258
 
Haim,

Some thoughts on your post.

Cheaper energy by lowering rates and therefore a lower US $. I do not know if OPEC is going to give up any purchasing power from it's oil. I don't care what currency we are discussing, OPEC learned a lesson and will want to keep their current purchasing power level, no matter where they buy their goods and services. They also will not let their economics go back in recession so soon.

US exports may increase, but also will the price we pay for most goods. I hardly buy anything these days that is made in the US and most of the fresh produce I buy comes from overseas. I am sure that there is some price where we will invest in production of goods again, but human labor must get real cheap in the US for this to happen. I don't see a good solution to this problem, i.e. inflation or cheap labor. Not good for the public.

I think you will get your wish, but you are going to have to wait a while, and hopefully the system can hold up through the transition.

Things take a lot longer than we think. I thought people would recognize that MSFT's operational revenue growth was slowing in 1998 and I sold my "very" long time positions, and heck it took two years and another double before the world was ready to admit it was "way" overpriced. <g>

Joan
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