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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: tonka552000 who wrote (19607)5/27/2003 4:45:13 PM
From: Jim Willie CB  Read Replies (3) | Respond to of 89467
 
Kudlow does not see production costs rising
he does not see import prices rising
these guys dont analyze past their noses

I dont think the $ decline will kill Europe
it will send it into a recession
we have essentially exported our overvalued currency
Europe has better fundamentals, with slight trade surplus
they are being hit by falling Asian import prices in a big big way

I believe the euro will continue far beyond reasonable heights
then money will come out of the euro and INTO GOLD

he hasnt said so, but I believe he thinks rising price inflation so far is evidence of the Fed winning the war

when the upcoming type of price inflation will be the absolute worst kind imaginable
/ jim