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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (65199)8/4/2003 11:17:10 AM
From: robert b furman   of 94695
 
So Far weak dollar has reflected in good earnings for multinational/cyclicals.

I'm biased but the whole domestic job loss problem would ge relieved if the dollar wasn't 20-35% higher than Yen or Chinese currency.

In the world of 6-9% margins (in Mature manufacturing)that strong dollars is dead on arrival.

The creation of huge dollar deposits is supposed to be inflationary ??

But foreign countries just buy bonds and hold dollars to boost their own domestic performance.

The weakening dollar is an inevitable event IMHO

Bob

Probably be delayed with better growth.
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