Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: JF Quinnelly who wrote (8323)	10/9/1998 10:42:00 PM
From: Jim S	Read Replies (1) of 42834

Interesting stuff, JFQ. I'm not enough of a global economist (or any kind of economist, for that matter) to be able to criticize or praise the PEI analysis. What does make sense to me is that there seem to be a lot of weak currencies in the world, and currencies can only strengthen relative to other currencies. If the US lowers interest rates, our currency will decline vis a vis other currencies. And if all the G7 loosen, we will be competing with one another not for the honor (and bond sales) of the strongest currency, but for the most "export friendly" (read, weakest) currency. My poor feeble mind begins to boggle at this point, and I can't intellectually decide whether the events in progress now will be for the benefit or the detriment of the US economy. My gut tells me that it ain't a good thing, though, and I'm more inclined to believe my gut. There may be some serious problems with a gold standard, but at least I could understand it. If you can help explain what's going on globally, I'd like to listen to your thoughts on the subject. Good trading, jim

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