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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: steve susko who wrote (164)	6/7/2002 10:10:44 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

Roache of MorganStanleyDeanWitter interviewed on CNBC it occurred at 6pm on Thursday, got home in time luckily his points: - USDollar must come down at least 14% in order to correct excess as of Jan1st 2002 - could be a rapid comedown versus Euro and Yen - serious questions raised by foreigners regarding both US corporate governance and our wide endless war effort - a nasty and vicious cycle, as opposed to a virtuous cycle for the dollar's effect on the US economy - US stocks and bond are having an immediate effect - US mfg will be beneficiary with the adjusted dollar, but since the economy and consumer will surely be worse off from the immediate damage, US mfg will not benefit really at all - we have widespread geopolitical risk, urging money to return home, and thus away from the USA - still a massive US trade gap hurts the dollar, and ensures slower US economic growth - best opportunities for investment are overseas comment: in his MSDW economic and market opinions, Roache has consistently mentioned the rise of GOLD since last year, as it is coupled with the declining dollar I suspect he might have been requested NOT to mention GOLD just my suspicion it was either that or something else when Sue Herrera asked about better opportunities, he mentioned overseas, and she cut him off to end the interview his next sentence might have been the GOLDEN opportunity your intrepid reporter / jim