RE: [Futurework] The big slide?

[Harry Pollard]

Bill,   The proper thing to do if one is sensible is to decrease exports as much as possible and increase imports as much as possible. It is symptomatic of the horrible education that people receive that they think the opposite.   Harry   ******************************************** Henry George School of Social Science of Los Angeles Box 655  Tujunga  CA  91042 Tel: 818 352-4141  --  Fax: 818 353-2242 http://haledward.home.comcast.net ********************************************     From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of [EMAIL PROTECTED] Sent: Friday, November 14, 2003 7:10 AM To: [EMAIL PROTECTED] Subject: Re: [Futurework] The big slide? Keith,   You wrote:           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   A cheaper dollar has been the policy of the Bush Administration for quite some time although they deny it. They see it as a way of increasing exports and reducing imports. They are upset a China for pegging the Yuan to the dollar because it hurts their policy. This may be a way of getting at China but, of course, has the effect of making the Chinese more competitive in the US relative to the rest of the world.   Bill      --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.541 / Virus Database: 335 - Release Date: 11/14/2003