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To: Bilow who wrote (73989)8/16/1999 12:17:00 AM
From: Bill Harmond  Read Replies (1) | Respond to of 164684
 
...or slowing money-supply growth. That has already happened for some time.



To: Bilow who wrote (73989)8/16/1999 12:37:00 AM
From: Mark Fowler  Read Replies (2) | Respond to of 164684
 
The problem is that the US defends the dollar in only one way. Higher
interest rates.

The only question is when will the US be forced to defend the dollar, and
how high will they have to raise interest rates to attract foreigners into
funding even more of our ongoing trade deficits.

The implications are quite nasty for the US stock market.

Agreeded...



To: Bilow who wrote (73989)8/16/1999 1:23:00 AM
From: Mark Fowler  Read Replies (1) | Respond to of 164684
 
Carl did you read this article the excerpt below makes sense the last thing this world wants is a falling dollar and an economic recession here in the US.

Message 10965629

" If U.S. consumers cut back, we could see another round of
economic crisis in Asia and in Latin America, where Mexico, Brazil and Argentina
have not yet fully found their feet after the 1997-98 crisis. Japan, in
particular, needs the U.S. dollar to be strong: A weak dollar prices Japanese
goods out of the U.S. market, and Japan's export-oriented economy would
collapse into a depression without U.S. markets.
For now at least, the rest of the world is trapped. Since global prosperity
depends on U.S. consumers going to the mall, the rest of the world must
conspire to prop up the dollar--and lend us the money to keep the cycle
turning."