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Strategies & Market Trends : Strictly: Drilling II
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To: Frank Pembleton who wrote (14768)6/25/2002 11:30:16 PM
From: Jim Willie CB  Read Replies (1) of 36161
 
Frank, agreed, I expect US$ to rest at 100, then head lower
the fundamentals will likely worsen
funny how many want a lower dollar for export parity
but they dont seem to understand that a declining dollar can be devastating
a stable lower dollar is the goal

but like with weather...
if we have a hot hot high pressure zone
with temps in mid-90's
and west of us is a nice moderate pressure with nice temps
like temps in upper 70's
you might want the 70's
but you must endure heavy thunderstorms to get there
complete with broken tree limbs, lost electric power
perhaps even hail damage to crops
and a small tornado ???

I have a sense of our dire economic situation
this is 1930 redux
but with a Fed printing dollars heavily
Johann Gutenberg would be proud

dollar is shitting the bed as gold rallies afterhrs
the disaster du jour is WCOM
/ jim
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