Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (46646)	2/25/2004 3:16:47 AM
From: energyplay	Read Replies (2) of 74559

Instead of a dollar collapse, imagine a USD which is worth about 30-50% less. Euro would be about $1.70 JPY about 80 for a dollar - about the 20-30 year high. Gold at $550 Copper at $1.80 Oil at $45 to $50, gasoline retail at about $3.00 At those levels, current account defict will be close to zero in 2-3 years, maybe small surplus. With more US domestic sales replacing imports, tax revenues will rise , reducing federal level deficts. With about 20-30% domestic inflation, tax revenues for local, state and federal governments will increase, an effective tax increase, reducing deficts even more.

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