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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (13356)	11/4/2002 5:52:32 AM
From: nsumir81	Read Replies (1) \| Respond to of 30712

And that the curr acct deficit is financed by foreign money to the tune of 70-80 % vs like the 20-30 % in 1992. Foreign money is key to sustaining any growth.

To: ajtj99 who wrote (13356)	11/4/2002 5:59:17 AM
From: nsumir81	Respond to of 30712

& debasing the dollar is trying staving off deflation ..sounds like a desperate move but being an 'import-oriented economy' (rarely hear that description), a lower dollar is tantamount to higher inflation in imported goods imo. So by inflation through a lower dollar, I mean decelerated deflation (not necessarily inflation as such). Now that may spur some consumer buying as prices stabilize (prices stop deflating and given that we are a consumer-oriented economy) but given the job situation etc, I wonder. The exit of money is evident..Feb 2002 was the first in a long time that saw net outflow (not talking equities only; they are small compared to the bond market comprising of government and corporates) of capital, as I remember reading in Barrons (yield section) some months back. Guess when the slide began in 2002 more or less?