Coming Financial Collapse Moderated Message Board

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Strategies & Market Trends : Coming Financial Collapse Moderated

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To: pater tenebrarum who wrote (298)	6/25/2001 5:09:05 PM
From: yard_man	Read Replies (2) of 974

Loved this quote from O'Neil If anyone is concerned about the dollar (being too strong) they should just hedge it ... why doesn't everyone? <vbg> >>The Treasury Secretary indicated he had little patience for business groups, like the National Manufacturers Association, that were seeking a cheaper dollar to help them compete. ``The great ones don't worry about a weaker dollar or a stronger dollar,'' O'Neill said. ``Great companies do two things: they perform in such a way that what the relationship is between the U.S. dollar and other currencies doesn't matter, they make it irrelevant,'' he said. ``And for those that can't figure out how to be so good that it's irrelevant, they hedge it,'' he said, referring to big corporations' ability to hedge their risk against changes in currency rates across international borders. <<

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