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To: LLCF who wrote (6729)7/28/2000 9:56:31 AM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
We need more analysts like this guy:

nypostonline.com



To: LLCF who wrote (6729)7/28/2000 6:15:49 PM
From: UnBelievable  Respond to of 436258
 
It Sucks The Life Out Of Other Countries

and let's us maintain a trade deficit as historically disproportionate as the Credit bubble.

It is "free" trade though so the rest of the world still chooses to sell us their domestic product at these rates. The magnitude of the bubble is to a great extent due to the rest of the world being willing/having no choice but to tolerate the US monetezation of their economic weakness.

As the other global economies get their stuff together they will have a better domestic, and alternative trade, customers for their products. The will need to be paid more real value for their goods and will require more dollars per pound. If the price per pound in the local currency remains the same the correction takes place through the exchange rates.

Once the world tells us GFY, demanding more dollars, i.e. a better exchange rate, the dollar tanks, and when the dollar tanks we won't have a mild corrective consolidation such as that which we experienced today, rather we truly melt.

An event for which Ho! Ho! Ho! will be an understatement.