Hi, Keith, As always, thanks for the stimulating and thoughtful posts. So....what non-US currency do you think will do best against the US$?
Cheers, Lawry > -----Original Message----- > From: [EMAIL PROTECTED] > [mailto:[EMAIL PROTECTED] Behalf Of Keith Hudson > Sent: Fri, November 14, 2003 3:25 AM > To: [EMAIL PROTECTED] > Subject: [Futurework] The big slide? > > > It is possible that the events in Iraq are the cause of the weaker dollar > that has occurred in the last day or two and that this is the > beginning of > a big slide -- much overdue, of course, in view of the trillion dollar > trade deficit. If it continues, then this will cause higher prices to the > American consumer for those items that are imported and this will occur > long before American business can take up the slack. Greenspan might feel > obliged to raise interest rates in order to prevent too steep a slide in > the value of the dollar and this could then trip off the beginning of the > personal credit card debt crunch -- again long overdue and in need of > correction. We could now be in for bad times. > > Keith Hudson > Keith Hudson, Bath, England, <www.evolutionary-economics.org> > > _______________________________________________ > Futurework mailing list > [EMAIL PROTECTED] > http://scribe.uwaterloo.ca/mailman/listinfo/futurework > _______________________________________________ Futurework mailing list [EMAIL PROTECTED] http://scribe.uwaterloo.ca/mailman/listinfo/futurework
