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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Haim R. Branisteanu who wrote (171950)	6/11/2002 10:44:50 PM
From: LLCF	Read Replies (1) of 436258

<DAK, the real rise in the USD started after the evil empire collapsed, and the victory in Desert Storm. It even survived 9/11 after Bush speech and hit a new high after it was clear that the war in Afghanistan succeeded to eliminate the Taliban and democracy will prevail there. Since the USD got downhill because the war on terror started to falter which in turn also turned a budget surplus to a deficit.> Agreed, but not that the reasoning was sound.... ie. we've had deficits ALL DURING the rally till the last couple of years [if even that]. The rally was due to perception, and willingness to hold dollar reserves and had no economic basis IMO. Oh, I see you address lots of that later... agreed. This is interesting: <<As to corporate profitability the US companies are far better off as they do not have the burden of health and social benefits existing in Europe. I think the cost there are almost double than in the US.> Yes, so the 'companies' themselves look better, and yet for a foreigner one must realize that SOMEONE will pay for all this... ie. the U.S. government. So the dollar will suffer anyway in the long run. So you have companies with better looking expense ratios, margins, etc. and yet the dollar will probably be printed to pay for this stuff ANWAY... wonder what that means net net. <(as to the Saud Clan pls. read some history> Don't get me wrong... I'm sure they're bad dudes.... so what?? That hasn't stopped the US before betting in bed with people. I'm not saying it's right, but was the Shaw better?? No. Pinnochet?? Kuwait?? Any of the many North African Arab states?? What's the point? I don't understand why you care either... being pragmatic, if we don't have a Palestinan state no one is going to give Isreal much weight going forward in any case. IMO they'd be better off giving them what they offered [and rejected by Arafat] unilaterally and be done with it. They can always continue to argue, and in the mean time the Arabs are OUT of Isreal and can start running their state. daK DAK

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