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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: yard_man who wrote (75308)2/6/2000 8:48:00 PM
From: valueminded  Read Replies (1) | Respond to of 132070
 
Tippet:

If you have looked in past couple weeks, dollar is waaay up against the Euro and has made headway against the yen. (was close to parity about 1 month ago) So insofar as the dollar weakening, I have yet to see consistant signs of it. Yes it is weaker than the peaks of last year (against the yen at least) but I think you have seen more yen strengthening than dollar weakening as the dollar has held its own against the european currencies.

In terms of demand dropping before or after stocks please state your reasons why you think stocks drop first. I am not as convinced as you are and think we will see a satiated consumer before the market caves. ie I think low rates, low prices have allowed most consumers to become saturated which will lead to a drop in demand. Once demand slows, dollar will not be supported and will fall like a rock, sparking inflation since we have exported most mfg overseas. imo