Re: beginning of the end?

[Peter Dorman <dormanp@xxxxxxxxxxxxx>]

As one of the oracles-in-residence on this list, I say: follow the dollar.
As long as the dollar remains high, it indicates that the inflow of
external finance is continuing to sustain US consumption.  When the dollar
drops (as it must, eventually), we are in a new era.  Like all oracles, I
am giving you the sense that I am answering the question without giving you
anything truly useful.

Peter

Michael Perelman wrote:

> Is the beginning of the end for the so-called boom?  Doug usually has a
> skeptical response to such questions.  But here goes:  We are seeing a
> spike in energy prices, higher interest prices abroad, a momentary sign
> of inflation, and a slowdown in employment.
>
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
>
> Tel. 530-898-5321
> E-Mail michael@xxxxxxxxxxxxxxxxx