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

To: Jim Willie CB who wrote (1295)	7/3/2002 10:18:58 AM
From: stockman_scott	Respond to of 89467

<<if a trained B.S. in Economics doesnt understand the backdoor inflation concept from imports, then we are seeing a BIG BIG BIG TRAP being laid for the unsuspecting>> That could be true in A LOT of areas...not just dollar valuation and its implications...=) reagards, -Scott btw, IMO most folks have NO IDEA how much corruption may be taking place at THE HIGHEST LEVELS in Washington.

To: Jim Willie CB who wrote (1295)	7/3/2002 10:52:10 AM
From: inesa	Read Replies (2) \| Respond to of 89467

Most consumer imports (save autos/heavy machinery) are severely marked up by US based distributors and retail outlets. They face a temporary margin reduction due to weaker dollar. Then they renegotiate contracts to restore their margin. Overseas sweatshops have very little leverage. US market is too big to lose. Net result is prices remain stable, perhaps edging up a few points. Dollar continues weak trend and stabilizes, gold moves up and levels off. You're thinking in linear land; not considering feedback effects. Big Macs will still cost 99 cents, fries will cost more.