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Politics : Formerly About Applied Materials
AMAT 267.16-0.4%3:59 PM EST

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To: chomolungma who wrote (69914)4/23/2003 10:49:09 AM
From: Sun Tzu   of 70976
 
> You don't need to be a "net exporter" to benefit from a decline in the currency...

The only way I favor the decline in currency is if it is happening because we are buying out outside companies. I do not like it when it happens because others are pulling out of US. In other words a decline is good when it is grounded on foreign growth and it is not good when it is rooted in negative vote on US.

> And if enough tried to "take back" their money, the dollar would adjust at once.

Yes, if USD falls 50% overnight, then the world will start investing in US and eventually bring things back up. Somehow I don't find that prospect appealing.

> it's only the markets doing their job.

I never argue with the ticker tape :-)
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