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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: JohnM who wrote (779)5/9/2003 9:50:48 PM
From: KyrosL  Read Replies (1) | Respond to of 794032
 
The looting of the nuclear facilities under the watchful eyes of the US military is mind boggling. I don't know what we were thinking. If a dirty bomb goes off in a US city, it will not be hard to lay the blame directly on Bush.



To: JohnM who wrote (779)5/9/2003 9:54:22 PM
From: Condor  Read Replies (3) | Respond to of 794032
 
I read/saw/heard ?? that the US $ was at a 5 year low vs. the Euro at .88
It went on to say that it could result in a substantial increase in US economic activity as its goods became more competitively priced in the world. The disadvantage was that inflation would rear its ugly head again as a result and interest rates would probably ratchet up quickly.

I'm trying to visualize the effects of this on elections next year. I would expect it to be bullish for the incumbent as employment increases, mind you I suspect margins might be squeezed (low dollar) thus profits not so hot? (markets).

A disadvantage will be realized in travel abroad but it shouldn't matter since surely no self respecting US citizen would travel to first world G-8 countries that they have recently jettisoned, unless one travels to a new coalition partner country like Krygbasklestack.