Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: mcg404 who wrote (20061)	1/9/2004 10:44:17 PM
From: philv	Read Replies (2) of 82005

Paul O'Neill speaks out. I must confess that when I first saw this man on the tube, I thought he was in over his head, and seemed out of place. The news coverage was less than kind, and portrayed him as incompetent to the extreme. However, I have had a change of mind subsequently. As a politician and a yes man, he left much to be desired. He clearly had a lot of problems with the borrow and spend policy of the administration, so he had to go. news.ft.com The guy they have now, his replacement has no problem re-iterating the party line. He has stated numerous times that he believes the market should determine the value of the dollar, and in the same breath he said the administration is still committed to a strong dollar policy. Here up north in Canada, we call this kind of B.S. a snow job. If the US was committed to a strong dollar, would they not defend it? Or are they rather committed to other goals, and the strength of the US dollar is not so important after all?

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