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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: AC Flyer who wrote (27274)	1/10/2003 10:33:01 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

The only hope for the US -and Europe for that matter- to hold to this present position is to have an economic boom in Asia, Eastern Europe or Latin America. If those regions of the world do not grow as fast as they can, the side walk will keep getting close as it pass the floors below 18th.Want a proof? Look to China right now. It is the only game in town and every dick and Harry -and their uncles- are looking for it for salvation. Without places like China to propel world's economy it is down all the way from here. Consumers propelling the US and Euro economies forever? Well, only if you think if they would be offered a third mortgage on their homes!

To: AC Flyer who wrote (27274)	1/11/2003 12:01:38 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

ACF, I think you misread my post: <>>would NOT want to be owing a bunch of US$ now - when interest rates go UP, it's going to be quite a shock to a LOT of people.<< You've gotta be kidding, Mq. The dollar's held up pretty well despite US interest rates at 40 year lows. When US interest rates move up again and the US stock market shows signs of life, it'll be look out below for the Euro - back to 80 cents for you!> What you wrote is the same as what I wrote. Did you think I wrote "owning" instead of "owing"? I doubt we'll see a $US collapse or even reduction from here. Especially if an increase or two start to creep in to show that the US$ will not become banana republic currency. Mqurice

To: AC Flyer who wrote (27274)	1/11/2003 3:18:13 PM
From: Moominoid	Respond to of 74559

You've gotta be kidding, Mq. The dollar's held up pretty well despite US interest rates at 40 year lows. When US interest rates move up again and the US stock market shows signs of life, it'll be look out below for the Euro - back to 80 cents for you! This standard textbook mechanism has been working in reverse as the instruments of choice were equities and long-term bonds not short term deposits and bonds. The reason the USD is going down now is that no more interest rate cuts to push up the assets of choice are expected. David