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

To: vampire who wrote (72707)	5/29/2002 9:07:29 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 99280

No, I think that might be the beginning of a secular trend, induced, partially by excessive deficits in our balance of payments. This first leg, will probably stop not too far from here (in term of the Euro, I would say we should through around parity, and then get back to the .9/.92 $/Euro). I think that instability (like Pakistan/India, terrorism etc.) will actually act to stem the tide of this decline, but eventually, redressing the balance of payments will have to be accomplished, and a weaker dollar will help in that respect. The weaker dollar might even be slightly inflationary in the medium term, but due to excess capacity, I don't think that any immediate threat of inflation is present. Zeev