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

To: Monty Lenard who wrote (2906)	4/6/2001 2:47:17 PM
From: Tommaso	Read Replies (2) \| Respond to of 74559

Like Bill Clinton's "favorable" ratings, the dollar may fade badly at some point. It's such a convenient medium of exhange and even, to some people, a store of value, that worldwide people are willing to hold huge dollar balances. My friends who buy and sell internationally on E-Bay tell me that dollars are mailed internationally, without insurance of any sort, to pay for purchases. Five hundred-dollar bills, which would be the household wealth in some places, can be rolled up to the thickness of a pencil. Hundreds of them could be sewed unobtrusively--and invisible to airport xrays (I think) in the lining of a coat. They are exchangeable anywhere for local currency. And then a rising dollar feeds on itself, continuing to rise merely because it has already risen. The U. S. gives the impression of an extremely strong and well-run country. A winner in armed conflict, too. When I try to imagine what might send the dollar down against the euro, I just come up with a blank--though I feel that it must go down.