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

To: LLCF who wrote (1487)	5/19/2003 11:19:49 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 4905

Of course falling demand for OUR most important export [our debt] would be unthinkable the other day i was reading where some clown was actually saying that demand for our debt is so great that Americans are forced to buy $1.7 billion extra from overseas every day to maintain the current account balance. yeah, people are being forced to take on record debt to buy big-screen TVs and land yachts. LOL! i forget where i read that--probably the überclownish WSJ op-ed page.

To: LLCF who wrote (1487)	5/19/2003 11:35:15 AM
From: zonder	Read Replies (1) \| Respond to of 4905

Honestly, I don't know what you are talking about. Stagflation is a very extreme situation. And trust me that IS the term you are looking for. What are you referring to re "Austrians"? My point is simply that plunging dollar = higher prices for many goods in America [imports] Not really. Take a look at myriad emerging countries out there with plunging currencies and prices lower in USD terms. Higher prices depend on how soon (if ever) people are willing (and able) to pay them - i.e. USD fell 30% against the EUR, but prices in the US will probably not increase 30% anytime soon, since most of the country earns stable USD salaries.