Thank you, Lee, for the compliment....You've certainly have helped me add to my knowledge, for which I am greatly appreciative..
As you know, I didnt even get into the dollar...the Euro is really turning out to be a putz here, and doesnt look (IMO) to get much stronger in the near-term (3-6 mos.)...the Yen, of course, is also under great pressure to depreciate vis-a-vis the dollar, or at least stay weak (given the "new" Japanese policy)...so the dollar looks (to me, at least) to continue its strength vs. these two major currencies near-term (despite our enormous trade deficit)...this, of course, helps a bunch in the inflation-fight...
Of course, anything can happen going forward....in a few months, the framework may be laid for a weakening of the dollar...but by that time, we will probably have slower economic growth, lower oil prices, etc...ie., a continued counter-balance in the inflation fight...
Right now, things are certainly peachy...
I think the year 2000 could be a cracker for worldwide growth...will be interesting to see where inflation/interest rates go (after the millenium).. |
