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S&P 500
5,505.00
(
-0.71%
)
US TECH 100
19,000.00
(
-0.94%
)
Dow Jones
40,287.53
(
-0.93%
)
Brent Oil
82.17
(
-0.14%
)
Bitcoin
67,677.31
(
-0.71%
)
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Ace Hanlon

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Ace Hanlon

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Re: jayhawk 5 post# 31510

Friday, 10/04/2002 8:35:45 AM

Friday, October 04, 2002 8:35:45 AM

Post# of 704019
The subject of the commentary was the dollar, not the stock market. The argument is that Bush's very aggressive foreign policy and its associated huge costs will inevitably bust the buck considering the huge trade deficits the US already is running. And a lower buck means lower living standards for lots of folks here in the good old USA as cheap imports become much less cheap.

“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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