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


To: LLCF who wrote (1455)5/19/2003 12:21:14 AM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 4912
 
Beggar Thy Neighbor Reloaded. got gold?

THE WHITE HOUSE has abandoned verbal support for a strong dollar, the Treasury secretary indicated. John Snow said the government no longer measures the currency's strength by its market value, focusing instead on such traits as public confidence.
online.wsj.com

this is too hilarious:

While insisting the U.S. still has a "strong-dollar policy," Mr. Snow redefined what that means in comments to reporters at an economic summit here. He said the U.S. government no longer measures the dollar's strength by its market value against the other major currencies -- the long-accepted premise of that policy. Instead, Mr. Snow said "strong" refers to such aspects of the dollar as the confidence it inspires in the public and its resistance to counterfeiting.

Beggar Thy Neighbor Reloaded. got gold?



To: LLCF who wrote (1455)5/19/2003 12:30:44 AM
From: EL KABONG!!!  Read Replies (1) | Respond to of 4912
 
Hi dAK,

Anyone else smell inflation with falling demand???

In a word, yes...

Starting to look like the Fed's monetary policies are indeed tilting the US economy towards a targeted inflation number, though no such admission has been made by the Fed to the best of my knowledge...

KJC



To: LLCF who wrote (1455)5/19/2003 5:43:03 AM
From: zonder  Read Replies (1) | Respond to of 4912
 
You mean "stagflation"? Not really...

What makes you think the US is headed that way?



To: LLCF who wrote (1455)5/19/2003 8:29:18 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 4912
 
It may be but it is more down the road. There are many factors at teh moment which may change the whole picture starting with the EZ Unions



To: LLCF who wrote (1455)5/19/2003 7:29:30 PM
From: UnBelievable  Read Replies (4) | Respond to of 4912
 
Count On It

When you increase the currency faster than the rate of growth of real goods and services you get inflation. In fact that's the definition of inflation.

That's what the Fed is doing. So yes there will be inflation.

Debt enables people and companies to spend what they have not earned yet. The current debt levels are so high that, even with zero percent interest, debt service is going to significantly curtail demand probably for at least a decade.

And yes there will be falling demand and the consequential slow growth.

In the past this has been called stagflation.