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To: 4figureau who wrote (4557)	5/29/2003 12:15:42 PM
From: Jim Willie CB	Respond to of 5423

Lee captures my main point from last few months he does not appear to get too specific it will come from rising prices of imported products and commodities which will cause price inflation in production costs and retail costs all of which is horrendous horrible, bad inflation NOT REFLATION, as economists and Fed boys insist !!! The nominal depreciation is the part of the dollar's fall that will ultimately prove inflationary. It is this nominal element of the prospective dollar depreciation that is not expected by mainstream economists or commentators. / jim