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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Raymond Duray who wrote (26653)12/31/2002 1:33:40 AM
From: smolejv@gmx.net  Read Replies (1) of 74559
 
>>I've happened to notice that the last time the dollar was exceptionally strong, it was in response to a fiscal discipline within the U.S. government that brought on the first surpluses in decades<<

Hi Ray: There was correlation but no direct causal relationship the way I read it. One one side everybody took happily part in the stock bubble (leading to wealth effect and sprouting tax revenues), on the other hand the alternatives were not taken seriously (see how euro was handled the first few years).
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