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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?


To: Henry Volquardsen who wrote (6546)9/21/1998 3:24:00 PM
From: Jay Scott  Read Replies (1) | Respond to of 9980
 
Henry, look forward to your thoughts on gold...

>>>>>>>>By allowing dollar policy and our interest rate policy to be dictated by
the fact that these nations have made the mistake of taking on to much
dollar debt only sets up a situation in which we inevitably import the
contagion.<<<<<<<<<

With demographics favoring a slowing in U.S. consumption and imports, don't we at some point have to wean these economies off of the export dollar? I agree with the strong dollar/competitive export argument, but at some point these companies/countries have to actually pay off those dollar debts........or we end up back where we were in my first post about the IMF.

Are we in a classic "chicken and egg" scenario now about what comes next?

JS