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To: LLCF who wrote (52988)	5/19/2000 10:59:00 AM
From: long-gone	Read Replies (2) \| Respond to of 116914

<<Perhaps this is what should happen... other countries with stagnent economies [so they don't hike their rates] watch their currencies fall and import prices rise...customers buy local and also should see a pick up in exports to U.S. and bring them out of the duldrums??>> That will cause massive a employment increase(and with it inflation) or "creative destruction" AG is so fond of speaking about when everyone must move from service sector back to manufacturing.

To: LLCF who wrote (52988)	5/19/2000 11:06:00 AM
From: long-gone	Respond to of 116914

Some say all it takes to be VERY rich is catch anything with-in 30% of an alltime bottom & sell with-in 40% of top with as little as $10k.

To: LLCF who wrote (52988)	5/19/2000 12:35:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116914

It will be interesting to see AG maneuver this aircraft carrier through the 'straights'. More appropo would be trying to sail a Supercarrier through the Panama Canal. Raising interest rates merely makes the dollar that much stronger, thus making foreign goods more attractive and encouraging US manufacturers to move operations into countries they are trying to export to. Also, it provides them the ability to ship cheaper goods back to the US. Thus hiking interest rates does more damage to US exports overseas than it does to US domestic spending which can import cheaper goods from nations with weaker currencies. On the other hand, if AG continues this approach as he attempts to apply a "jake brake" to the US economy, he runs the risk of stalling the engine completely. Regards, Ron