Danger signs for U.S. Dollar

[joanna bujes]

At 01:18 PM 04/30/2002 -0400, Doug wrote:
>Hyman can change
>his opinion 180 degrees from one week to the next, but his value is
>that he's the embodiment of conventional wisdom, so if he's worried,
>dollar anxiety may have spread beyond the usual gang of bears.

So, lower dollar means:

         --improving balance of trade (cause exports are cheaper?)

         --debt becomes less expensive

but

         --capital flight to more valuable currencies

         --increased interest rates to halt capital flight

         --therefore, possibly strangling the economy into deflationary crisis?

AND in light of the previous BUT, no war--cause there's no economy to 
support it?

Joanna