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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: American Spirit who wrote (52053)8/3/2004 5:40:43 PM
From: elmatador  Read Replies (1) of 74559
 
Not killing but avoiding skyrocketing. Skyrocketing is very very bad.

It will cause interest rates to follow it up and up. This will cause capital flight into the US. As a result, drains capital from emerging markets. This will cause those markets to contract and grow slow.

Looking back the second half of the past century show that this capital hogging by the US Europe and Japan caused imbalances in the world economy. This is no good. Emerging markets need dirty cheap capital. They can't just print the money like the US. To grow they need to export. They need to import goods and services.

Let AG tell whatever he wants. What the world really needs is a full decade of low interest rates.
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