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

To: HighTech who wrote (38917)	8/13/2002 8:00:28 AM
From: Clappy	Read Replies (1) \| Respond to of 52237

Ok, I need some basics here. A falling dollar means what? It basically means that we are fugged. Our economy has been based upon a strong dollar. Everything works fine and the bubble inflates as long as the almighty buck is strong. With a weaker dollar, suddenly all the crap on the shelves of your local Walmart and Home Depot become that much more expensive. Take a look around. We don't make stuff in this country any more. We have become a country that provides services. That's a good thing that we know how to provide service, because we will all have to be servicing each other from our knees to find pleasure during the dark days that lie ahead if we can not get things turned around. Our strong manufacturing base has left and gone away. Perhaps a falling dollar will help make our huge supersized SUV's a little more cheaper for them to buy and drive on the tiny roads in Europe, Japan, and China. The screwed up thing about it is that the Fed is toying with the idea of actually pandering to the stock market with the thought of lowering interest rates again for the 12th (?) time. Many think that this will only help to cause higher inflation which will make that incredible shrinking dollar seem like it has even less value. Take a look at the prices of commodities. They continue to rise yet all I keep hearing out of Dubya is that the economy is strong and there are no signs of inflation. That's it in a nut shell. This bearish belch comes before my first cup of $4 frapchino double whipped latte. Perhaps when the caffeine kicks in our economic slurpie cup may look half full rather than half empty. But then again it looks like they will soon be jacking the price of latte to $5. Soon I may have to settle for dirty water coffee from Achmad's 24 hour gaseteria. His is a buck-fifty but soon it will feel like $2 per cup. -ArmchairEconomist