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

To: westpacific who wrote (7289)	8/16/2001 11:44:32 PM
From: GraceZ	Read Replies (1) \| Respond to of 74559

So what are you saying? Are you saying that on the whole you think the soaring dollar (and falling foreign currencies) that we've seen in the last couple of years is actually more beneficial than a scenario where the dollar is more in line with other currencies? It's not so much that the dollar needed to fall, as other currencies needed to strengthen. Screw them, the bigger concern is the inflation it will create for this 66% GDP consumer society. So here you are saying that the rising cost of imports will cause inflation? I thought it might actually have a moderating effect on the amount of imports, sort of like the rise in oil prices had a moderating effect on the demand for oil and that drop in demand wound up causing oil prices to eventually go lower. But I guess you are thinking that consumers won't moderate their spending if imports rise in cost, that they will simply pay higher prices and then demand higher pay and will do this in a backdrop of this global meltdown that you all are predicting? Interesting scenario.