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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Logain Ablar who wrote (2909)12/3/2000 11:57:52 PM
From: John Pitera  Read Replies (2) of 33421
 
Tim, some great numbers...thanks...This was interesting on
Friday

Interesting comments earlier this morning from W.R. "Tim" Timken, head of the National Association of Manufacturing, who argued that the strong dollar is having a detrimental effect on the US economy, suggesting that the Fed should move to a neutral policy directive later this month. For our part, we would argue that what we are now seeing in the foreign exchange market is more a case of foreign currency weakness than dollar strength, though we would note that a friendlier interest rate environment would at least help dampen some of the risk aversion that has plagued overseas markets.
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