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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Dominick who wrote (7217)	8/15/2001 10:26:46 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi Dominick, <<My question is What industrial base? We're a service economy now, thanks to NAFTA and etc. Since our exports are only around 15% of GDP and 85% within>> I agree with your 'implicitly' explicit observations on industrial base, service economy, NAFTA, and the factual export %. On <<why should most suffer for a few?>>, it may no longer be a question of policy choice now. The perception gaining credence is that the dollar is now (as opposed to before) high due to foreign capital flow reinforced financial asset inflation disguised by the science fiction of productivity enhanced GDP growth, believed by many, questioned by few. The aircraft carriers backing the USD obviously helped. The bursting of the Nasdaq bubble was step 1 in a long chain of sequential and sychronized implosions and explosions, leading ultimately to the 'cratering' of GE and the USD, thus clearing the environment of toxic waste and allowing new organisms to thrive in what will be Silicon wasteland. I do not know that what I am writing is right, but I do know that these described events are possible. I think the USD can go down by anywhere between 20-40% against a basket of major currencies, followed by these same currencies devaluing against the USD by respective government manipulation (debasement). The story of deflation is the same each and every time, with variation only in inconsequential detail. Inconsequential is defined here as "not making any effect difference in a cautious allocation strategy". Chugs, Jay Ref: Message 15113604 Message 15279970 Message 16213753