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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (9444)9/16/2001 3:42:06 AM
From: Moominoid  Read Replies (1) of 74559
 
In my scenario, US consumers will "Buy American" to be patriotic and also with less foreign travel both will help reduce the trade deficit. So I was thinkingt he USD will stay strong. However, seems USD fell until the groundwar in 1990-91. With less domestic travel people will spend more on stuff they can consume at home including movies and things to provide distraction and of course news. So far News Corporation fell heavily here as every company with US exposure was sold down (Pacific Dunlop too so two of my significant positions were hit). But I don't think movies, newspapers, TV and condoms (and other health supplies from Pacific Dunlop's Ansell division) are going to be big casualties of this situation. I guess TV and newspapers will be hit by an advertising slowdown but that is already underway.

OPEC has said they will do everything they can to keep the oil price reasonable. BOE sold gold this week...

Jay, IMHO you are over-reacting to the situation so far both in terms of the economic impacts and on personal security... I'd happily fly anywhere tomorrow including the US and Israel. I'm always scared a terrorist will try to blow up the plane and don't see that anything essential has changed.

David
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