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

To: arun gera who wrote (58136)	1/3/2005 1:37:44 AM
From: Maurice Winn	Respond to of 74559

Arun, the currency market is related, but quite different. People don't have such a direct personal link to the US$ in their self-valuation. With the US$ down and interest rates really down, a lot of Americans would have thought that it was excellent as they could refinance their mortgages at super-duper low rates and get a LOT of spending money to buy Made in China. If people don't like the US$ decline, they can't sell their interest in roads, Hubble, airports, schools etc and move to a better country. They can only take their personally-owned asset value. Mqurice