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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dave Gore who wrote (1569)1/28/2002 8:26:58 PM
From: Bucky Katt  Read Replies (1) of 16631
 
Dave, the US dollar may weaken against the Euro in the next 1-18 months. A lower USD would make US exports more attractive, and imports more expensive, this giving US based manufacturing a double boost.
The flipside would not be good for the over-indebted consumer however.
Then again, the USD wins by default against anything other than the Swiss Franc and the Euro, as everyone else has done a real nice job of debasing their currency, the lag just hasn't caught up to us yet.
Indonesia is the next basket case country that will join Argentina in going belly-up. (Indonesian debt is 93% of GNP, which obviously is not sustainable)

This is something I have been looking at, talking about on the rat & 13 threads and trading from time to time over the past year.(short the USD & long the Euro) Might be time to step in again.
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