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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Skeet Shipman who wrote (3458)	6/24/2002 1:10:03 PM
From: Robert Douglas	Read Replies (1) of 3536

Too much is pegged to the US Dollar for healthy global economic growth. The U.S. has been a major engine for the world's economy for several years. Now that must change somewhat. The time is perfect for the passing of the baton because many more of the world's economies are healthy and primed for growth. Inflation is low enough that these countries will be able to stimulate demand without worry. Interest rates can remain at low levels and fiscal policy can be applied. The headlines are full of worry about a falling dollar. That worry is misplaced, IMO, and the falling dollar will help U.S. manufacturers sell their wares and foreign countries to use their stronger currencies to buy capital equipment needed for growth. It's just the market at work again, doing what it should.

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