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

To: Robert Douglas who wrote (3250)	3/12/2002 11:47:58 AM
From: SofaSpud	Read Replies (1) \| Respond to of 3536

I recall a cover page from Time, perhaps from then, or possibly from the previous peak in the late 70s -- the dollar as the body builder on the beach, kicking sand in the face of sterling, the DM and the Yen. Part of the issue involves the "only game in town" story. In 1990 I remember scratching around on the implications for global capital flows and the availability of credit in NA of the new dominance of Germany and Japan. Another 'oops' of timing. The consensus on this thread is that Japan will not be an issue for the intermediate term. That presumably leaves Europe. Until Europe gets their act together, the U.S. will continue to be the place where the world feels comfortable parking their capital. IMHO, that would suggest that the current account deficit can easily be funded in the short-term. Of course, the $64 question is how long is the "short-term" (isn't it always <g>).