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Pastimes : A Jackass, his PAL(indrome), and GOLD -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (337)	1/22/2003 11:05:11 AM
From: tonka552000	Read Replies (1) \| Respond to of 1210

Couldn't have said it better <gggg>....I'll just add -- "yea, what he said..." It will be interesting to see the conversation (if any) spawned by your comments -- a litmus test, of how the economically ignorant think... :o)

To: Jim Willie CB who wrote (337)	1/22/2003 12:20:17 PM
From: philv	Read Replies (1) \| Respond to of 1210

US $ Declilne: Traditionally, as a country's currency declines, interest rates go up to try to stem the tide and also to finance new government bonds. If there is one thing an investor hates more than losing his return on investment, is losing his investment. As the dollar drops, real dollars are immediately lost on some of these government issues. And interest rates are "frozen" at ridiculous low levels. How can the US continue to finance its fiscal requirements in the future? As more and more money is created, the dollar will keep on falling. A zero sum game. I wonder what large international investors are thinking about their $US investments. Phil