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Politics : Formerly About Applied Materials

AMAT 267.16

-0.4%

3:59 PM EST

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To: Sun Tzu who wrote (69909)	4/23/2003 10:41:10 AM
From: chomolungma	Read Replies (2) of 70976

The first is that weak currency is only good for net exporter economies which we are not. You don't need to be a "net exporter" to benefit from a decline in the currency and realize what I am saying is that we are going from an overvalued currency to a properly valued currency not an undervalued one. Every U.S. company that competes with foreign imports has been at a competitive disadvantage the last few years even if they don't export a single product. The second is that if I were a foreign investor and I thought USD is going to keep falling, I would take back my money. And if enough tried to "take back" their money, the dollar would adjust at once. I say we are devaluing USD ala reversing the strong dollar policy Nah. There's no policy change, it's only the markets doing their job.

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