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Politics : Ask Michael Burke

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To: Bill F. who wrote (62705)	6/18/1999 4:35:00 PM
From: BSGrinder	Read Replies (2) of 132070

Bill, What do you think of the fact that after buying $6 billion worth of dollars to keep the yen down against the dollar, a few days later the Japanese have to get the Europeans to buy dollars again to keep the rate over 120? Doesn't this signal some serious weakness in the dollar? Isn't the lesson that we learned from all the currency erosions in the past few years "Always bet against official currency manipulation, since it always fails in the long run?" Thanks, /Kit

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