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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: shoreco who wrote (52553)	4/18/2002 7:56:13 AM
From: orkrious	Respond to of 99280

What makes you think it is crashing and not just being manipulated lower to help with the crises right here at home, such as....."Earnings"...... A weaker dollar will help some multinational with their earnings. A stronger dollar will help keep foreign dollars in the US market and will help keep inflation low. Which is more important? One of the biggest problems with a strong dollar is it has allowed US consumers and businesses not only to not save, but to spend as others financed them. Consumers and businesses now have way too much debt, and our trade deficit is a disaster. We are margined out.

To: shoreco who wrote (52553)	4/18/2002 8:11:32 AM
From: Crimson Ghost	Respond to of 99280

A lower dollar will indeed help corporate profits by making it much easier to hike prices. The dollar value of corporate overseas earnigns would also rise. But inflation would surge as would interest rates. The US standard of living would drop as the country could no longer rely on foreigners to finance a consumption binge.

To: shoreco who wrote (52553)	4/18/2002 8:55:01 AM
From: orkrious	Read Replies (1) \| Respond to of 99280

Roach: Global: Trade-Gap Warnings morganstanley.com

To: shoreco who wrote (52553)	4/18/2002 8:55:50 AM
From: Les H	Respond to of 99280

Not all CEOs. the financial services industry has been supporting the strong dollar for a long time. they've had a lot more clout with Treasury. you also haven't found the retailing industry, housing, and tech industries, most of these are importers, calling for a weaker dollar. it's a very small minority, especially with their declining fortunes, that have called for weakening the dollar. perhaps, that's what Greenspan hopes to accomplish by putting off interest rates that would at least get back to the normal floor of a fed funds rate of 3-3 1/2 percent.