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

To: mishedlo who wrote (80633)	6/18/2002 3:22:44 PM
From: Jeffrey S. Lillie	Respond to of 99280

Today is like fishing. I sit around all afternoon and nothing happens. Anyone think we we get some movement in either direction in last half hour? Jeff

To: mishedlo who wrote (80633)	6/18/2002 3:29:36 PM
From: t2	Respond to of 99280

Falling $ is only good for US manufactors for the most part. Since we will never be able to compete with China and asia on price, I see no real benefit to fally $. Mish, How about Europe? A weaker dollar and more business friendly labor laws in the US could make some difference. Not everything is going to be made in China.

To: mishedlo who wrote (80633)	6/18/2002 3:30:50 PM
From: ahhaha	Respond to of 99280

Falling $ is only good for US manufactors for the most part. Rising import prices does what? Since we will never be able to compete with China and asia on price, I see no real benefit to fally $. Get rid of the premise and the argument fails. Have you considered that we are competitive with China now? Why do you think otherwise? Everyone is trying to talk up or prop up the $. Who is "everyone"? Paul O'Neill? Those maesures will fail and probably only make matters worse. Which measures? There have been no measures taken by countries in the forex except mild intervention from the BOJ. CBs in this era aren't going where commodities pundits advise them, towards interventionism, which only wastes a nation's foreign reserves. Thus you are saying that the natural movement in currencies is bound to fail. Thus, you are saying that the market mechanism will fail. Aside from the mistake of intervention the only factor effecting any currency's value is relative economic efficiency. This is almost exclusively determined by the inflation policy of a country. Currently, the US has a better inflation posture and policy than does China.