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To: zonder who wrote (241240)	5/19/2003 9:19:16 AM
From: GraceZ	Respond to of 436258

Well I guess what matters most in regards to inflation isn't how weak or strong your currency is in regards to all currencies but in regards to the currencies of the countries from which you do the most importing. The fact that the dollar was strong in relation to everyone else for so long didn't kick up inflation elsewhere, what mattered most were their own internal economies. I have a few friends in Germany that swear that inflation there is far higher then the official estimates, but then its the same way here since price inflation is never distributed evenly and the perception of rising prices is different from one locale to the next. A rising currency is a mixed blessing. I have a French friend who had a terrific business as an exporter here in the US. He exported heavy machinery from the US to African countries. He was driven out of business by the strong dollar of recent years. I guess now we'll get to see the other side of that coin.