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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: LLCF who wrote (1455)5/19/2003 12:21:14 AM
From: Wyätt Gwyön  Read Replies (1) of 4912
 
Beggar Thy Neighbor Reloaded. got gold?

THE WHITE HOUSE has abandoned verbal support for a strong dollar, the Treasury secretary indicated. John Snow said the government no longer measures the currency's strength by its market value, focusing instead on such traits as public confidence.
online.wsj.com

this is too hilarious:

While insisting the U.S. still has a "strong-dollar policy," Mr. Snow redefined what that means in comments to reporters at an economic summit here. He said the U.S. government no longer measures the dollar's strength by its market value against the other major currencies -- the long-accepted premise of that policy. Instead, Mr. Snow said "strong" refers to such aspects of the dollar as the confidence it inspires in the public and its resistance to counterfeiting.

Beggar Thy Neighbor Reloaded. got gold?
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