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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (18647)	6/22/2001 7:01:01 PM
From: ajtj99	Respond to of 30051

George, where is a better place to put your money than the US currency right now? You and I could probably find a place, but the part of the strong dollar is the fact that there is a lack of confidence in the alternatives. Many countries in Asia welcome the strong dollar as they try to export themselves into hitting their GDP targets the past 3-years. If we did not have the Euro to deal with, it is quite possible this situation would not be anywhere near as bad as it is right now. The US has been the engine pulling the train for a while, especially since the Asian Crisis. Until there is a train wreck (recession in the US) we won't get a weaker dollar, IMO. I'm not nearly as knowledgable as others here on the currency situation, but I do deal with it in my job everyday.

To: Crimson Ghost who wrote (18647)	6/22/2001 8:20:53 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

George, I do no even know who is the host (could that be an excuse to ban? <g>), but you and I have been on these threads agreeing and disagreeing on different subjects for more than five years, do I ever rub you the wrong way? My opinions might, but I try to never let opinions become "personal rubs". The last time I posted there was May 28th, and the discussion was about currencies and gold. I surely cannot see anything offensive, except the fact that my opinions might not be the "accepted" ones, they might even be irrelevant, or absolutely wrong. However, so far, these opinions have kept me on the "right side" of gold (g). As for the strong dollar, as I have mentioned few times, once our balance of payments deficit reach a critical percentage of GDP (and I don't know what it is, maybe 4% maybe 5%), the dollar will have to weaken. Zeev