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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (38719)9/23/2003 10:07:41 PM
From: LLCF  Read Replies (1) | Respond to of 74559
 
<if you hold a currency, other than the US, then prices go down.>

Right... and the elasticity to foreigners for most products in the US [your example of an airline flight... from LA to Chicago?] is meaninless... no one in Thailand is going to hold up prices of anything in the US. The dollar could certainly crash without creating more than a handful of bargains [if that] for Joe Six pak in Thailand. As for $US prices going up, well, that's exactly what should happen based on ECON 101. So........ bring on the crash :)))

DAK