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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: tradermike_1999 who wrote (1060)	11/30/2000 2:05:29 PM
From: Bid Buster	Respond to of 74559

agreed mike...if the dollar continues to slide the fed will have no choice but to RAISE rates....not sure yet but we could be setting up for hyperinflation to kick in next year...time will tell.

To: tradermike_1999 who wrote (1060)	11/30/2000 8:21:39 PM
From: Hawkmoon	Respond to of 74559

If the dollar continues to drop Fed will be reluctant to cut interest rates. Its too soon to tell though. Another one of these economic paradoxes. In order to keep the dollar strong, we need strong economic growth with benign inflation. Crush that economic growth and people no longer have a reason to invest in your economy, hold your debt, nor your currency. And that's what I think is the issue here. The dollar is under pressure but certainly not out of its upward trend channel on a weekly and monthly basis: futures.tradingcharts.com futures.tradingcharts.com But I will grant you that it appears the dollar may have hit a double top on the daily chart: futures.tradingcharts.com But for the dollar to eventually rise, the Fed will have to cut rates and spur economic growth again. Especially if AG wants to avoid stagflation (braaack... hate to say that word)... Regards, Ron