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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (6358)	6/14/1999 7:45:00 PM
From: Tom Byron	Read Replies (1) \| Respond to of 81945

The American OnLine Barf Chart: decisionpoint.com

To: Zardoz who wrote (6358)	6/14/1999 10:32:00 PM
From: Hawkmoon	Respond to of 81945

Hutch, I was talking more in terms of mega-economic or social policies that led the US gov't into non-economically healthy socialized policies. Now we all know that the Fed has been "forced" to increase the money supply in the US in order to stave off global recession. The US economy was deliberately overheated in order to sustain some form of market for foreign goods here, even though it resulted in a massive trade deficit. Was it sound? That's certainly a debatable point. But the result has been that the dollar has been strong and kept that way far longer than it probably should be. However, it is Japan's interest to have a strong dollar. It would be in our interest to have a weak dollar in order to cut the trade deficit, but we seem to be the only functioning piston in the global economic engine. As for Europe, I made a comment somewhere out here back in January when the ECB heads were espousing the Euro as a competitor to the US dollar. I called Bull S**t due to Europe's structural economic weakness and lower productivity and the fact that a unified currency does not a unified Europe make, the point being that what is most important in assessing the worth of a currency is the confidence in its govt's economic policies. So where do you disagree with that theory?? The tone of your post left me a bit confused. Regards, Ron