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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: Lee who wrote (3130)8/26/2001 2:10:06 PM
From: Hawkmoon  Read Replies (1) of 3536
 
If in 6-9 months the US economy still falters and imbalances still persist the dollar may continue to struggle

Well, there are currency imbalances, and economic imbalances.

We're clearly seeing that the economic slowdown in the US is having a greater impact on Europe and Japan than here at home. Look at the recent 58% decline in the trade deficit between the US and Japan. That represents real economic decline for Japan and a further loss of jobs and GDP growth.

And only the US economy, imo, is properly structured to more quickly recover from an global downturn, than are our competitors who continue to rely upon US consumers to subsidize their economies.

That doesn't mean that there isn't the possibility for more downside on the USD, but economically, such an event will make US products more competitive globally.

Hawkmoon
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