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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (555)	4/30/2003 12:02:23 PM
From: LLCF	Respond to of 4912

<<not to mention necessity. one of the interesting comparisons i've read lately in several sources (one being, i believe, that CI article ild posted last week, and i think they've mentioned it before) is the similarity between the way manufacturers provide finance to consumers (as in cars, etc.) and the way large parts of the world, especially Asia, "finance" US purchases of their goods by parking their trade surpluses in the US. the composition has shifted from direct investment toward agencies>> That's very interesting, I wasn't aware of that. I DO know that a big case against dollar breakdown, or confidence loss I've read about has been that there are too many people with too much at stake to let it happen... which is essentially the flip side of what Grace is whining about. <it seems we have never been so dependent on the kindness of strangers, even as we have never been so arrogant (in perception at least) in terms of our geopolitical behavior.> Agreed, wash away all the 'little stuff' and the big picture remains, massive current account imbalances that depend on those stranges increasing the reserve dollars OR for lower dollar prices. Further, should there be action taken to reverse earlier decisions [as Grace calls them :)] to hold dollars there is quite an overhang on the market.... OR to use the words of our threads namesake: "Owning the dollar is a VERY crowded trade"- Heinz Blasnik DAK