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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: Jack of All Trades who wrote (99796)5/4/2001 6:22:26 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<Hey did you here Kudlow this am on CNBS talk about gold???>>

Missed it, but I understand that he wants the Fed to reliquify untill gold hits 340/oz...hope it happens, I'll be RICH!!!!

I would assume that he also favors dollar devaluation. On the surface, if the US is to avoid PERMANENTLY downloading jobs overseas after this little "inventory correction" is over, the economy desparately NEEDS a lower dollar. Obviously the strong ClownBuck hurts industries engaged in export. In addition, all these companies laying off tens of thousands of employees will look at the exchange rate when things start to improve, look at the narrowing gap (err, inversion) between education of American workers and foreign workers, look at the much friendlier regulatory climates in most locales (ie, fewer lawyers) compared with the U.S. and simply move operations overseas permanently. Problem(s) solved!

EDIT: Holy $hit! Am I agreeing with Kudlow? Someone just shoot me, PLEASE!