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To: High-Tech East who wrote (38481)12/1/2000 6:53:36 PM
From: High-Tech East  Respond to of 64865
 
While I'm at it, the Commitment of Traders came out today for the week ending November 28 ... and yet again, the commercials are more net short and the small specs are more net long ... not bullish news at all.

commitmentsoftraders.com

Ken Wilson



To: High-Tech East who wrote (38481)12/1/2000 7:59:35 PM
From: alydar  Read Replies (1) | Respond to of 64865
 
<<... exactly Charlie, sorry for that error ... making imports more expensive, and therefore freeing U.S. companies to raise prices within the U.S. because of less foreign competition ... thereby causing more inflation in the U.S.>>

I do not think a weaker dollar is inflationary. To me, the global enonomy is almost at equilibrium. A lower dollar will mean greater exports but I do not see how it is a signal to U.S. companies that they can raise prices even if your argument is that foreign goods would be more expensive.

In fact, I feel that within 2-4 years that the internet might create deflationary forces in the economy. That would be real productivity gains (i.e., ORCL has an example).

Bob.