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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Knighty Tin who wrote (241524)5/19/2003 11:53:38 PM
From: Spekulatius  Read Replies (1) of 436258
 
From the WSJ: (on the US$)

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

Mr. Snow is just saying that he does not are about the exchange rate as long as the US$ is worth 100 cents ?!? Sounds like the head of treasury of an island state in the pacific printing funny colorful bills for decorative purposes....
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