Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TobagoJack who wrote (7278)	8/16/2001 10:19:00 PM
From: GraceZ	Read Replies (4) of 74559

Jay, I guess I'm even more cynical than you in that when the IMF decides to jawbone the dollar lower (and the US authorities don't even try to jawbone it back up) I wonder what is their true intention. I don't necessarily accept at face value that they wish to warn on impending doom in the US, but to prop up other currencies where their assistance might be needed sooner rather than later. The difficulty is in remembering that choosing to pay higher taxes in exchange for the value returned is a vote caste by millions at regular intervals. Yes, even here in this country people are forever voting to create socialists cages. But money doesn't care about quality of life but return on investment, after tax return on investment. Other than that it is in the interest of US multinationals to have a lower dollar. I think you might remember back when the Euro was free falling there were numerous earnings warnings prefaced with due to falling foreign currencies...the weakness in the Euro, etc.....

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next