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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (46445)	1/15/2002 10:54:21 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

OPEC revenues will fall as US$ slips crude oil is dollar denominated Arabs are angry at USA Rubin engineered a strong dollar for Clinton now it is hurting the US economy and its recovery Bush is first prez in postwar history to talk about weakening the dollar the launch of the Euro will enable this to be set in motion the US$ has been aberrantly strong for a couple years its favor as reserve currency is clear keeping it strong allows our trade deficit to be reduced but now the tide is turning its strength is hurting the US econ recovery wait until the US$ starts to slip our trade deficit will shoot up our foreign held stockholders will sell off somewhat trouble is: currency momentum lasts for years / jim