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Politics : Stockman Scott's Political Debate Porch
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To: Jim Willie CB who wrote (9094)11/11/2002 4:38:07 PM
From: stockman_scott  Read Replies (1) of 89467
 
Comments on the dollar and the economy from The Daily Reckoning newsletter...fyi...

<<...But now, even an incorrigible
optimist like Sir John Templeton, who rarely neglects to
praise America's economic prowess, is joining the ranks
of dollar skeptics. Speaking to the conference attendees
live via satellite from his home in the Bahamas,
Templeton called the prospect of a rapidly weakening
dollar the "single greatest threat" to U.S. economic
prosperity.

- "The biggest risk to the U.S. economy is its
unfavorable balance of trade," Templeton warned. "No
country has ever had such an unfavorable balance of
trade. If foreigners get nervous, they could start to
sell the dollar aggressively, and the results could be
catastrophic."...>>
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