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

To: TobagoJack who wrote (3118)	4/20/2001 1:16:52 AM
From: marek_wojna	Read Replies (1) \| Respond to of 74559

<<Most folks I know in HK keep their savings in USD or currency deposits other than HKD.>> Hi, Jay I found your opinions re: politics, economy most of the times accurate, down to earth and without prejudice. Would you be so kind and give us your opinion when it comes to US dollar. IMHO an average American is up to his ears in debt. He works longest hours in the world, many times having two jobs to keep up with payments, unlike Japanese or Chinese savings are least of his/her priorities. The Wall St. Casino is fueled now more by emotions than calculus. Thousands of young scientists and workers got burned in the workplace by accepting stock options as salary. Productivity gains are questionable since economy is running at only 80% capacity. Hard to imagine working them harder or longer hours. In millions of cases bankrupcy is matter of time, unless feds will find miracle. On the other front I strongly believe all other countries are interested in keeping dollar high as possible because it means easy market for their products. Euro with their unbelievable bureaucracy and regulation mania is not a choice. BTW, workers in Germany came today with the new slogan which is making headlines around "Workers of the world - RELAX". We know Japan. Is China able soon to take Japans role in the world? Demographics always played crucial role. Isn't for China one child policy soon to be a burden? My bets are on gold if you remember, since there is a growing trend between nations to keep their own currency lower and lower. Too easy to loose balance. Regards, Marek