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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Robert Douglas who wrote (3367)6/3/2002 2:26:07 PM
From: Raymond Duray  Read Replies (2) of 3536
 
Hi Robert,

Re: If the lower dollar is accompanied by a pickup in domestic demand from countries around the world - as I believe it will - then it will be an even greater benefit for US companies.

This doesn't make sense to me. Since the U.S. has so severely hollowed out its manufacturing base, we no longer have much of anything to sell around the world other than agricultural commodities at depressed prices and financial instruments which are looking riskier every day. If there is to be a consumer spending boom in the ROW- Rest of the World, it will surely be satisfied by manufacturers in China, the Asia tigers, the Eurozone countries and not by U.S. manufacturers, by and large. We have lost the ability to compete as a manufacturing country by design.

Just one man's opinion.

I recommend this book to the readers of the thread:

sfgate.com

Cheers, Ray
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