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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: RON BL who wrote (340632)1/9/2003 1:12:51 AM
From: DuckTapeSunroof  Respond to of 769670
 
Yes, I'm familiar with DR. KURT RICHEBACHER (you saw his comments at the Daily Reckoning, right?)

I believe he is correct that the US dollar is seriously overvalued... the only thing holding it up is the fading tendency of foreigners to buy our debt... and the economic chaos in Japan, Latin America, and slow growth in the European big economies.

"Dollar by default", you might say... so I believe it's fall (baring unexpected disaster) will be gradual and steady.

At least until we begin to witness "runaway" deficits in '04 and '05.