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To: Perspective who wrote (60306)	11/23/2002 1:03:10 PM
From: patron_anejo_por_favor	Respond to of 209892

<<Beneficiaries would be the heavy exporters as the dollar weakness makes their goods more appealing abroad, although I remain reluctant to own any equities during a secular bear market.>> Interesting thesis...the sectors that spring to mind as beneficiaries are aircraft (BA), drugs (most of big pharma and the sliver of biotech that's actually producing revenue right now, AKA AMGN/DNA) and medical devices (MDT, STJ, GDT).

To: Perspective who wrote (60306)	11/23/2002 3:15:38 PM
From: orkrious	Read Replies (1) \| Respond to of 209892

bobcor, what you say makes sense, but maybe you can help me understand something. if prices are really taking off people should be making more money as prices rise. as dollars are printed, debt will be repaid with dollars worth less (which is why the fed wants inflation). why won't real estate be another asset that goes up in price, that people can borrow against, where the debt can be repaid with cheaper dollars?

To: Perspective who wrote (60306)	11/23/2002 6:44:11 PM
From: Moominoid	Respond to of 209892

Short banks?

To: Perspective who wrote (60306)	11/24/2002 8:57:11 AM
From: KyrosL	Read Replies (1) \| Respond to of 209892

But a lot of the goods we import come from Asia, and almost all of our Asian trading partners fix their currencies to the dollar. The Japanese don't fix the yen but are busily managing the yen down whenever it attempts to gain some traction. So, that leaves only the Euro. European goods may go up, but they are mostly luxury goods with not much representation in the CPI. I agree with you that inflation is already rearing its head, but it's the domestic service rather than the imported goods kind.