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To: ild who wrote (226222)3/7/2003 11:10:40 AM
From: Knighty Tin  Read Replies (1) | Respond to of 436258
 
ild, Good piece as always. But I preferred the one about the dollar getting even weaker. Especially when written by the fella who was calling for a move up just a month ago. And the petrodollars being recycled into other currencies, especially at today's high oil prices, is pretty scary.



To: ild who wrote (226222)3/7/2003 11:54:45 AM
From: mishedlo  Respond to of 436258
 
Lots of good articles here
read the first two for sure
Currency players might want to read the first 4

I am going to disagree with Roach here.
The problem that the US has is that it used up bullets too fast for no reason. Now when the Fed really needs those bullets they are gone. Europe did better by saving more bullets than we did. The next .50 cut (if it comes) will be the last. Not the last cut, but the last .50 possible. Thereafter we will see cuts of 1/4 or 1/8 as the ammo gets used up. Ok Roach tell me just what good a 1/5 would do vs 1/4 or even nothing at this point (with inflation on the important stuff, food, medicine, insurance, etc). Long term it appears we are headed to interest rates with Reaper's favorite number. ZERO

morganstanley.com