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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (5669)7/6/2001 11:09:43 PM
From: Maurice Winn  Read Replies (1) of 74559
 
<what happens if the US devalues the dollar, but the other nations do not let it, and devalue right in sync? Which is most likely what they will do, from Japan, to China to Euro, because all are as weak or weaker. Then we will be in real real trouble, as opposed to real trouble.>

Jay, as part of my half-decade long ponderings on this stuff, I concluded three years ago that there would indeed be a competitive [or co-operative] devaluation of the currencies, so they would retain parity [more or less]. Each country will print money and lower interests in synchronized harmony. So they have been doing.

Of course Japan isn't cutting their interest rates but they can still print all the money they like which is the same thing by another name.

So far, the printing has resulted in acceptable inflation rates of around 3%.

I don't think it's real trouble and definitely not real real trouble though the Real might be in trouble. I think it's quite nice and just what I have planned for and have been depending on for a few years. So far, we are steady on course.

Hooray for Alan Green$pan.

Incidentally, I would not be surprised to see no more interest rate cuts. He won't want to overshoot in panic and there is no need for panic. Besides, it would be cruel and unusual punishment [against the USA constitution] of people holding cash to cut their interest rates. They will get very miserable watching through their rifle-scope for half a decade for the damn financial crash to happen while their interest-rate income remains in the doldrums leaving them in penury.

Mqurice
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