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To: schrodingers_cat who wrote (128557)	7/18/2001 8:16:52 PM
From: GST	Read Replies (1) \| Respond to of 164684

Cat: My point on the dollar is not that it will be "sold" but that it needs to be bought in huge quantities just to stand still -- there is a $400 billion deficit which is being financed by foreigners -- how long can they keep that up? Can they keep it up at all? If not, bye bye dollar -- and as the dollar drops, the tide turns.

To: schrodingers_cat who wrote (128557)	7/19/2001 2:42:10 AM
From: craig crawford	Respond to of 164684

>> Bottom line: If things are so bad for the dollar then why does it stay strong even after the Nasdaq melt-down and the US economic slowdown? << i could provide numerous examples where markets ignore a change in the fundamentals and keep going on momentum alone. the dollar is no different. >> And if it falls won't it then reduce the trade deficit that makes it necessary to attract so much money in the first place? Won't that prevent a crash? << hmm, i'm tired so i will try to come up with a quick analogy. i guess you could say that as stocks fall, they become cheaper, so wouldn't people find them more attractive at lower prices which would prevent them from crashing? it's not so simple.