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To: pogbull who wrote (614)2/5/2003 1:05:36 PM
From: Jim Willie CB  Respond to of 1210
 
Thailand had little foreign tightfisted holders of its bhat
it was all hotmoney, and left their hands fast

I expect the dollar decline will remain in slow motion
way way too much tightfisted believers in US capitalism
the land of opportunity, the last beacon of freedom
they cannot quickly abandon the nation whose insane spenders support their whole export economies

many might expect acceleration in its descent
I dont
but maybe when the monetary crisis reaches real heights and scares the dead presidents right out of foreigners

I expect the dollar decline to grind year after year
much like the stock market grinds down year after year
no capitulation, since PPTeam is too busy preventing it
they dont want fast realization of true value
no way

/ jim