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Technology Stocks : Intel Corporation (INTC)
INTC 35.75+3.6%Nov 24 3:59 PM EST

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To: kapkan4u who wrote (167971)7/11/2002 1:33:28 PM
From: chomolungma  Read Replies (1) of 186894
 
If we see another 10% drop in the dollar relative to the yen, the Japan's export oriented economy will implode, dragging the rest of the world's economies down with it.

A 10% drop in the dollar would only put it back to where it was in 2000:

futures.tradingcharts.com

This is hardly a big event. And the world isn't very dependent on the Japanese economy as it is.

You couldn't be more wrong on your forecast of the global economy. It is growing and the rate of growth is increasing. By the end of next year, world output should be growing at greater than a 4% annual rate. We are entering a period of synchronized global growth that will last most of this decade.

Quit looking in the rearview mirror. The recession is over.
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