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: mishedlo who wrote (15448)	11/10/2004 9:12:39 PM
From: russwinter	Read Replies (2) of 116555

A weak currency is a very bad proposition in today's bottlenecked, scarce/expensive commodity and input good world. There is no advantage to it, unless lending and selling at a loss to the US for devaluing Clown Bucks is your gig. In fact there are more and more signs foreigners are trying to get rid of USDs, not get more. Message 20744959 At this rate WMT will be getting notices that says in effect, "keep your Dollars", we don't especially want them. With a strong currency, individual countries can better afford goods like oil (priced in USD). In the demand pull/cost push inflationary climate that we are in now, a strong currency makes countries more competitive, not less so, especially in the markets (not necessarily the US) that will count going forward. A weak currency only piles on more costs and difficulties.

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