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Strategies & Market Trends : New US Economy Policy
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To: Arthur Tang who wrote (118)2/24/1998 6:19:00 AM
From: Arthur Tang  Read Replies (1) of 435
 
The new economy and a strong dollar, which does not translate into cheaper prices in America?

Strong dollar in the futures contract pricing, does not effect the price of goods in the stores or on the dealers' lots. Business price their goods and wares based on the competitive pricing structure. Free market people would like you to believe that. In true, pricing is based on what the traffic will bear. Coca Cola will testify to that. Cigarette manufacturers will testify to that.

Japanese cars are not 30% cheaper because of their currency devaluation. But they have to meet the competitive US car prices. When US cars discounted; Japanese cars also discounted.

When you kick the tires on the Japanese cars, none of their parts are more expensive than the US auto parts. Honda and Toyota best sellers are both more expensive to buy than Ford Taurus.

However, the new economy encouraged bigger family trend, to come back in America; bigger American cars will take some market share back from the Japanese imports. Even Saturn has to have a bigger car in their line up, recently. And bigger houses also are selling.

Problems are not solved by a strong dollar. More population builds the new economy. Wealth in the new economy promotes having more children. Our children is our future.
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