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To: mishedlo who wrote (168245)5/25/2002 8:25:27 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
The more I read this stuff -- the more I think that foreign flows into the US will not be reduced to a great degree, but redirected away from stocks into treasuries and this will mean a slower undwinding of the bubble and a longer "gold bull" than many thought possible. I also think a reasonably slow decline in the dollar is possible ... contrary to popular opinion.



To: mishedlo who wrote (168245)5/25/2002 8:37:24 PM
From: TobagoJack  Respond to of 436258
 
Message 17515000

Anticipation is a survival trait

<<The case for a weak dollar rests on the huge current account deficit that the US incurs>> I believe this is wrong. The case, in its entirety, rests on … relative

(a) confidence in political leadership at the top
(b) fiscal responsibility at the grassroots level
(c) monetary prudence at the FED level
(d) price levels at home and in US (PPP and expected returns vs. risk)

Chugs, Jay