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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: BubbaFred who wrote (10335)	8/8/2004 12:50:57 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Dropping US dollar by 100% will hurt European economy, and plenty of US manufacturing and real estate will be bought up by foreigners. I am not sure I want to fathom what would happen if the US$ dropped by 100% to a value of zero. I am pretty sure you did not mean that so what did you mean? Mish

To: BubbaFred who wrote (10335)	8/8/2004 9:52:05 PM
From: Jim Willie CB	Respond to of 116555

for US mfg to become competitive internatioanally, the USDollar must come down 30-50% a nice nasty benefit comes from Asian currencys doing what the euro did I refer to 40% rise our cars can rise in price our electronics (little we have) can rise in price our housewares can rise in price our tools can rise in price and 20-40 other significant groups we can crawl under their price rise but we dont have the incomes to pay for it all the most pernicious trend in the last three years is service job outsourcing it undercuts the biggest part of our national economy service it keeps paychecks down in the norm it eliminates paychecks altogehter when outsourced rising import prices are almost as damaging as rising commodity and energy costs for production and households the only benefit is permitting some added pricing power but without the added lift to incomes / jim