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Strategies & Market Trends : Heinz Blasnik- Views You Can Use
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To: ild who wrote (2206)6/9/2003 2:33:41 PM
From: GraceZ  Read Replies (5) of 4905
 
Well there you go, I pointed out that the dollar wasn't correcting against our major trading partners a while back. It corrected against the largely socialist countries that held a higher rate of interest. Our trading partners still find that they want to invest their dollars back in US assets rather than invest in their own countries, therefore they haven't suffered from the falling dollar. The virtuous cycle is still very much intact. I don't see that changing any time soon.

Do you see the US moving towards less consumption or the rest of the world trying to catch up to us? If anything I think our trading partners will move to more consumption as their societies gain a higher standard of living. Even Japan looks to be recovering from its mental malaise (contrary to what everyone on this thread seems to think).

I can't see the Euro zone as being the place to be invested right now....while a year ago it might have been the place to put some cash to work. As far as I'm concerned you can keep their over priced over engineered cars and appliances although I have to admit I'll be in serious pain if pecorino cheese gets any more expensive. -g-

Contrary to what everyone thinks a falling dollar isn't making price inflation tick up here. Its a knee jerk reaction to think it will but the necessary psychology for rising wage demands just doesn't exist at this time.
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