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


To: TobagoJack who wrote (18563)4/30/2002 4:16:04 AM
From: smolejv@gmx.net  Read Replies (2) | Respond to of 74559
 
Thanks Jay - thinking aloud ... "a dropping dollar is good for the USA" ...

a) stimulates exports ... so
b) depresses consumption aka GDP
c) makes the current account balance (through retreating waters) smaller...but
d) makes current account balance outstanding not exactly cheaper to serve

...so...what will Uncle AG do...what can he do?... Talk about thinking (in good time) of what to do with interest rates? ... Have a hit team take care of O'Neill... Change his name, move into Au and to Jackson Hole,WY and let Pezz teach him the secrets of fly-fishing...



To: TobagoJack who wrote (18563)4/30/2002 9:45:47 PM
From: westpacific  Read Replies (1) | Respond to of 74559
 
FT reports that there are now only eight U.S. companies with AAA bond ratings: GE, AIG, UPS (bond rating agencies like initials), ExxonMobil, Johnson & Johnson, Merck, Berkshire Hathaway and Pfizer. Back in ‘90 there were 27, compared to 58 in 1979.
The 90s: Productivty miracle or credit binge? You decide.