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Non-Tech : Invest / LTD
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To: Lucretius who wrote (4381)10/17/1998 8:18:00 PM
From: Jay8088  Read Replies (2) of 14427
 
I appreciate your 'simple' view.

However I respectfully disagree that dollar would come home to cause stagflation. In much of emerging markets (1/3 of world economy) dollar is the hard currency. Only dollar has enough liquidity, ready convertability, universal acceptance, and the backing of the most powerful military force in the world. I doubt those dollar that went out would come back. In fact I believe demand for greenback is very large and growing thruout the world. Also Greenspan's successful intervention last Thursday should raise confidence in dollar and US economy. (Not that I cheered his skillful move - since I lost my shirt by being short!) So far I don't know of any strong sign that confidence in dollar is weakening.
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