Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Box-By-The-Riviera™ who wrote (5756)	7/10/2001 5:53:24 PM
From: marek_wojna	Read Replies (1) of 74559

<<In case you haven't figured it out yet, foreigners own one hell of a lot of US securities. If the dollar starts to slide in earnest, all that has to happen is for foreigners to dump a small portion of their holdings of US securities and it's "Katie, bar the door." That, in a nutshell, is why the US government wants a "strong dollar policy.">> Joel, as long as US economy remains #1 buyer in world no one cares. But this is changing as unemployment raising. Will take a while yet, just to make sure recovery is not on the way before election. I can see liberal government of the world. The US and greenback will fall and fall hard.

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