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To: Terry Maloney who wrote (417882)9/22/2011 6:40:56 PM
From: benwood  Read Replies (1) | Respond to of 436258
 
To my way of thinking, only a weak dollar will stimulate the economy, largely via exports. A strong dollar will encourage more imports, but that doesn't help our economy for the most part, just bonuses of some multinational corp executives. But nevertheless, the dollar was due for a rally, could hit 80 on this leg and higher on the next leg. Then it will start down and sometime next year hit, oh, say 59.5.



To: Terry Maloney who wrote (417882)9/22/2011 11:13:52 PM
From: Rarebird1 Recommendation  Read Replies (2) | Respond to of 436258
 
The Fed isn't going to print money anymore. That means that dollars are going to get scarcer. That means that rates will be low and dollars will go up in value. For America (if not Wall Street), this is great.

If you have a dollar-denominated account, your wealth is rising even if you're not short the euro or anything like that. The amount of goods and services your dollars can purchase is going up with the dollar.

The end of Crony Capitalism is certainly near at hand - and thank goodness for that. The plutocrats of the world will soon have nowhere to hide.