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

To: elmatador who wrote (33133)	5/6/2003 10:45:29 PM
From: LLCF	Read Replies (1) \| Respond to of 74559

<3) It makes oil which is priced in USD cheaper.> Naw, simply insures a rally in oil :) dAK

To: elmatador who wrote (33133)	5/6/2003 11:23:08 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi Elmat, <<1) It will avoid the US goes on a deflation a la Japan>> This effort will fail, because Japan will print, and Europe will copy. This is what all central bankers do. <<2) It make US exports cheaper to other countries vis a vis Europe.>> There are no buyers and there are no products. <<3) It makes oil which is priced in USD cheaper>> ... Yes, maybe, unless the price goes up. <<4) It stops capital hogging by the US>> ... it is simply all paper, ultimately backed by Japanese capital, and they won't be needing it in any case;0) <<The problem seems to be that Iraqi will have to sell more oil to reconstruct since its terms of trade worsens>> That is not a problem, since the marginal cost of pumping is <USD 2/barrel per Maurice;0) Chugs, Jay