Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Haim R. Branisteanu who wrote (9717)	7/23/2004 10:58:01 AM
From: Jim Willie CB	Read Replies (3) of 116555

two factors, as I see it 1. Greenspasm spoke of US economic growth and job creation (of course, it is largely horeshite) 2. Greeny assured higher rates would likely come before long (little do they realize that higher rates will smother the economy) let's see if the DXY at 89 can do anything more than that doubtful in my view the biggest phenomenon out there for the US$ is its CATCH22 position the USEconomy is weak and stalling a weaker economy sends the US$ down evident price inflation is far more likely to send rates upward than economic growth which would produce an amplified effect in slowing an already stalled economy however, as usual, the markets are having a tough time sorting out the price inflation so far, higher production costs and household costs are another bigtime tax & drag they do understand the energy tax & drag from higher prices but higher commodity prices simply cannot be passed along, as long as China is a big player on the block we gots no pricing power, PERIOD, with China imports here the US$ heads lower then lower then lower it is permitted a bounce now & again so what? / jim

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