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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (36618)	5/31/2002 1:03:42 AM
From: Square_Dealings	Respond to of 52237

Actually Japan's failure after the 1980 bubble popped was to maintain a strong Yen. It cut off manufacturing exports and the economy has suffered for this long. Its becoming clear that the world is in agreement that the US dollar needs to be devalued relative to other currencies so that foreigners can buy our products. Maybe the lesson was learned from Japan. The US is now the world's largest debtor and so the dollar must come down. The faster the better to minimize the imminent downturn in the US. Short term pain for long term gain. The US financial system is so screwed up and over-leveraged that the US has lost control over capping gold prices and capping foreign currencies etc, which end the end will solve our problem. But its going to take years to work off the debt. We are finally getting some lift in grain prices now that the dollar is coming down. So farmers, miners and working stiffs are now going to be able to make some money to put a base back in the economy. Big cap tech is dead for a long time. Look to other areas that will service the "new economy" which is going to be grass roots. Gold and currencies are trading up fractionally tonight. .382 back on the dollar will not hold otherwise a depression will follow M.