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To: Haim R. Branisteanu who wrote (109876)	6/22/2001 12:52:34 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 436258

Haim: Lots of discussion these days about the merits of a strong dollar policy. But by traditional standards the US is following a weak dollar policy. Huge balance of payments deficits. Plunging short-term rates. A massively leverged economy heading for recession. The US strong dollar policy apparently consists of little more than saying we are in favor of a strong dollar and working to keep gold down. Saying it apparently makes it so at least for now. But just as with the now burst NAZ bubble -- when the trend finally reverses people will be amazed at how low the buck goes.