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Certainly a declining dollar will result in imported inflation when world
economies pick up. In the meantime, falling demand for commodities and goods
should continue to exert downward pressure on all prices except for services
and healthcare. Even Asian and South American factories will cut costs as
demand decreases and OPEC can reach a point of pain where volume * price =
lower revenue than government requires leading to price reductions.
Increasing unemployment will probably curtail services pricing, however I
see nothing which will curtail healthcare costs.
In the meantime, it is certainly worth keeping an eye on the currency
markets for long term investment considerations in protecting the purchasing
power of assets denominated in US$.
Earl
----- Original Message -----
From: "Ira Tunik" <irat@xxxxxxxxx>
To: "realtraders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, August 15, 2001 9:32 AM
Subject: [RT] inflation
> Has anyone been following the currencies? I just took a look for the
> first time in months and have to ask the question, has the dollar
> finally topped? If so, major inflationary pressure will be put on the
> billions of dollars of imports the US takes in every month. If this is
> the case we could be looking at higher, rather then lower interest
> rates. Last in, first out book keeping and higher prices for most
> things that are in the stores. Look at the labels in your cloths, the
> electronics you purchase, etc. and realize even at Nike's wages in
> Malaysia our prices will rise. I believe it is time to keep a close eye
> on the currency markets. If it is the top of the dollar, can a replay
> of 1972-74 be far behind. Oil has been at those levels for a while
> now. Just some thoughts for the day. Ira.
>
>
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