Robert [no relation to Paul] Samuelson writes> But beyond all the upbeat
indicators lurks a potentially frightening problem that unsettles even
the wisest and most seasoned economic observers. It's not government
budget deficits, a possible housing bubble or even $2-a-gallon gasoline.
It's the doll
Bottom Dollar
The greenback's fall is stoking fears of a global crisis. Behind the slide:
a world economy wildly out of balance
By Robert J. Samuelson
Newsweek
March 21 issue - There's been plenty of good news of late about the U.S.
economy, so let's start with that: employment is expanding (2.4
Devine, James wrote:
>With what?
The gold you bought at $250 in 2000, of course. It's $450 now.
Doug
^^
How about with Euros ?
Charles
Devine, James wrote:
With what?
The gold you bought at $250 in 2000, of course. It's $450 now.
Doug
> >Buying? With all this talk about selling?
>
> Exactly. When else do you buy except when everyone else is selling?
> Was it better to buy stocks in 1929 or 1932? 1999 or 2002?
2004 or 2006?
ood
> >Sent: Sun 11/28/2004 3:31 PM
> >To: [EMAIL PROTECTED]
> >Subject: Re: [PEN-L] Decline of the dollar
> >
> >
> >
> >Hmm with all this PEN-L gloom on the dollar, is it time to buy?
> >
> >Doug
Leon Kuunders wrote:
Buying? With all this talk about selling?
Exactly. When else do you buy except when everyone else is selling?
Was it better to buy stocks in 1929 or 1932? 1999 or 2002?
Doug
Buying? With all this talk about selling?
> -Original Message-
> From: PEN-L list [mailto:[EMAIL PROTECTED] On Behalf Of
> Doug Henwood
> Sent: maandag 29 november 2004 15:47
> To: [EMAIL PROTECTED]
> Subject: Re: [PEN-L] Decline of the dollar
>
> The dollar, of c
The dollar, of course.
Devine, James wrote:
buy what?
Jim Devine [EMAIL PROTECTED] http://myweb.lmu.edu/jdevine
From: PEN-L list on behalf of Doug Henwood
Sent: Sun 11/28/2004 3:31 PM
To: [EMAIL PROTECTED]
Subject: Re: [PEN-L] Decline of the dollar
Hmm with all
I suspect that we all [Doug?] agree that the international financial system is
stressed by the massive US deficits. The solution (?) a weaker dollar also
presents
serious risks.
I don't know where the stresses will eventually show up -- probably in a
country that
has so far eluded our attention
buy what?
Jim Devine [EMAIL PROTECTED] http://myweb.lmu.edu/jdevine
From: PEN-L list on behalf of Doug Henwood
Sent: Sun 11/28/2004 3:31 PM
To: [EMAIL PROTECTED]
Subject: Re: [PEN-L] Decline of the dollar
Hmm with all this PEN-L gloom on the dollar, is it
No. Pen-L gloom has been right in the past. Sometimes a little early
but PEN-L sure got the internet bust and subsequent recession right.
Gene Coyle
Doug Henwood wrote:
Hmm with all this PEN-L gloom on the dollar, is it time to buy?
Doug
Hmm with all this PEN-L gloom on the dollar, is it time to buy?
Doug
a contagion of yuans.
Jim Devine [EMAIL PROTECTED] http://myweb.lmu.edu/jdevine
From: PEN-L list on behalf of Michael Perelman
Sent: Sun 11/28/2004 12:21 PM
To: [EMAIL PROTECTED]
Subject: Re: [PEN-L] Decline of the dollar
Right, but tremendous pressure may
Right, but tremendous pressure may be put on China to devalue, even though its
balance with the rest of the world outside of the US is very small, isn't it?
I am going to the store to see if they have Ellen Frank's new book.
On Sun, Nov 28, 2004 at 12:15:51PM -0800, Devine, James wrote:
>
> but t
Michael P writes: >I wonder how likely that a decline in the dollar, if it
continues to take place at the present rate, could destabilize the world
economy,
perhaps unleashing a strong recession. <
the problem is that Japan & Europe are being pushed into recession by the rise
of
their currenci
In a message dated 11/28/2004 11:45:46 AM Central Standard Time, [EMAIL PROTECTED] writes:
>Are the contradictions really finally accelerating towards aqualitative change in the mode of world-wide capitalist organisation?Can this be happening? Now??And what are the future implications for class s
Regarding Chris's question, I wonder how likely that a decline in the dollar,
if it
continues to take place at the present rate, could destabilize the world
economy,
perhaps unleashing a strong recession. Could China withstand much of an
increase its
currency -- especially with its high unemplo
>
Sent: Saturday, November 27, 2004 3:39 PM
Subject: [PEN-L] Decline of the dollar
NY Times, November 27, 2004
Foreign Interest Appears to Flag as Dollar Falls
By EDMUND L. ANDREWS
WASHINGTON, Nov. 26 - Investors and market analysts are increasingly
worried that the last big source of support
NY Times, November 27, 2004
Foreign Interest Appears to Flag as Dollar Falls
By EDMUND L. ANDREWS
WASHINGTON, Nov. 26 - Investors and market analysts are increasingly
worried that the last big source of support for the American dollar -
heavy buying by foreign central banks - is fading.
The anxiety
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