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Politics : Welcome to Slider's Dugout

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To: wildandwonderful who wrote (6732)	10/20/2007 1:24:59 PM
From: rich evans	of 50755

Paulson repeated that while a ``strong dollar is in our nation's interest'' he wants exchange rates to be set in free markets. Europe's G-7 members are also divided with German Finance Minister Peer Steinbrueck telling reporters that the euro's value is ``nothing dramatic.'' About 10 years ago the Euro was started at a price of 1.21 . Now it is at 1.41 . This is not a dramatic increase in 10 years. What is dramatic was the euro fall to .83 during the tech bubble days as everyone was buying US stocks. Maybe the problem was the dollar increase in value was unwarranted then and now the dollar is at an appropriate price. Rich

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