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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?


To: Lee who wrote (3122)8/9/2001 3:47:16 PM
From: Robert Douglas  Read Replies (3) | Respond to of 3536
 
Hi Lee,

Do you think this decline in the US dollar is the beginning of a much larger move?

I have felt the dollar was poised for a decline for many months now and so my credibility is pretty much shot. <g> But we are getting more and more CEOs complaining that the dollar strength is ruining their business. I don't believe that we can have a rebound in manufacturing without a decline in the dollar.

The Bush administration seems terrified of changing dollar policy for fear of popping a bubble. Might the markets pop it anyway?