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Technology Stocks : All About Sun Microsystems
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To: I_Banker who wrote (62334)11/29/2004 8:42:13 PM
From: Charles Tutt   of 64865
 
I think that's a gross over-simplification, especially in a day when much (most?) manufacturing of U.S.-branded goods occurs overseas (e.g. in China). It would not surprise me if China floated its currency, and soon.

A falling dollar increases prices paid by U.S. consumers for imports, including (as has been pointed out) oil. Thus, it is inflationary.

If the dollar falls enough, the Euro could become the favored reserve currency, with dire consequences to the U.S. economy.

JMHO.

Charles Tutt (SM)
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