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To: Real Man who wrote (88182)	7/23/2002 1:43:10 AM
From: marek_wojna	Read Replies (1) \| Respond to of 116795

It is possible. I don't think there is too many economists prepared for serious deflationary depression. In 1930's China and other cheap labor countries were not accounting as producers for majority of everydays goods. Killing free trade might be the option, better one is dollar at 85 level but how States can achieve it? Rest of the world is so stuffed with US$ that any rise of their currency means their economy will tumble. US propably can write off all the existing corporate and individual debt and dollar still will be above 100. Technology, breaking up the unions around the world, free trade, electronic transfer of wealth, overproduction of everything might lead us to totally new economy which doesn't mean that present generation might benefit from it.

To: Real Man who wrote (88182)	7/23/2002 7:33:40 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116795

wrong part of the economic cycle agreement between g7+1, Vi. The agreement is for one economy to go into the crapper so that the other 6 can levitate. It is now our turn and has been for 2 years...the US$ will break 93 and sooner rather than later. Mark my words. We had to agree to be the consumer of the world inorder to pull out the Japanese economy in particular and make sure the EURO survived and made it to par pegging. Look for EMU to break par and head back higher shortly, but not before UK finally signs on the dotted line and joins in the fun...officially...they've met to of the pre-requirements: 142 level on the pound and disgorging of their gold at stupid prices...the last to sell at the bottom...what a kick in the royal throne... OT: you a fan of G. Zukov? g_t