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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (152858)10/13/2007 1:51:39 PM
From: skinowski  Read Replies (1) of 209892
 
Yes, in some ways the dollar is undervalued. I hear that the "McDonald indicator" is very bullish. But the national debt, the deficits etc. are a problem. This cannot go on forever - that would be mathematically impossible. Already many years ago the interest on the debt was the 3rd largest cost to the taxpayer - after Social Security and Defence. And it is growing.

US equities are also Dollars...no ?

No. They are shares of companies. They are claims on ownership. They are no more "dollars" than when a person uses money to buy a business. Having done that, one owns the business - and no longer owns the dollars.
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