To: Jorj X Mckie who wrote (40083 ) 5/19/2003 9:23:34 AM From: zonder Read Replies (2) | Respond to I agree with you that the USD had to come down, but I find it rather strange that they had to keep misguiding the public re their intentions - "We still follow strong dollar policy" and all that...Snow's policy toward the USD is the one thing that gives me hope that we can have an economic recovery in a reasonable period of time. Dune that take down whole villages when they burst :-) Not only on a corporate level, but also individually, and any increase in interest rates can trigger some very unpleasant results. deepest negative level in decades. In order to keep the credit bubble from bursting until the economy picks up a little, interest rates have to stay low, and that is why we hear all this talk of "deflation" in a country with consistent 2-3% inflation every month - that's inflation, not deflation. And of course, in order to make the data look low-inflation, they invented something called "price index for personal consumtion expenditures excluding food and energy" - oh, OK then, pro-forma inflation is low...
