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Strategies & Market Trends : Fidelity Select Funds

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To: gregor who wrote (172)2/13/2003 11:39:11 PM
From: Angler  Read Replies (1) of 5019
 
That's true it seems. And a weak dollar is good for our exporters should they have anything with value added (representing man or machine made)other than bales of waste paper, used cloth and grains to export against outer world competition. Many larger American producers (especially cereal food companies) are located overseas or others on the border make things there to resell in those markets and/or license foreign factories to produce their brands for local distribution.

The Chinese worrying less over a mismatch in currencies and choosing to send adjusted priced products taking advantage of our mass buying is more likely. Their ability to adapt to any competitive situation in basic consumer goods is awesome. Electronic appliances continue to become cheaper and cheaper. They seem to want merely to keep their huge population employed. When they're busy, they're happy = equaling political stability besides. So American importers continue to benefit.

I don't expect our economy will suffer too much from the above, but I guess a mounting national debt will cause problems for those trying to work, save, and invest at the same time. More might have to rely on the Government for help in the near future. The pendulum swings. Maybe deflation? Consider the inflation built into drugs, for instance. Isn't that called profit? A little goes a long way.

Angler
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