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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: energyplay who wrote (35496)10/4/2004 8:10:59 PM
From: Archie Meeties  Read Replies (1) of 206334
 
Energyplay, a nice angle - one that I haven't thought of.

There are essentially 5 states that are strong net exporters of manufactured goods and services. California, Massachusetts, New York, Washington, and Michigan.

Drops in the dollar will positively affect their economy, and perhaps the housing market. Other states, especially strongly importing ones will have real buying power problems when the dollar falls and likely will have housing market slowdowns.

I think a dollar devaluation will be very carefully managed. However, this is somewhat dependent on healthy relations with those that hold dollar debt.
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