Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Ahda who wrote (19055)	9/19/2003 7:51:11 PM
From: sea_urchin	Read Replies (3) of 81209

Darleen > i am in deep thought the gold market is moving today and my concern is of currency. (2) How's this for a reason? guardian.co.uk >>>The International Monetary Fund yesterday warned that the colossal United States trade deficit was a noose around the neck of the economy, emphasising that the once mighty dollar could collapse at any moment. Arguing that the world's big economies were already too dependent on the willingness of American consumers to live beyond their means, the IMF said the US could not continue to run a current account deficit of 5% of GDP. The IMF's chief economist Kenneth Rogoff said that it was just a matter of time before the gap closed, tipping the dollar into a potentially steep fall. <<< But then we read this: >>>Following an upgrading of its growth prospects by the fund, the US is expected to expand by 2.6% this year, the fastest of the big seven economies.<<< The contradiction doesn't make sense, in fact, the US economy is the best of the seven biggest economies. Anyway, the message will certainly not do gold any harm. PS. Maybe Rogoff is a goldbug!

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