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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (20370)	10/20/2004 11:54:23 PM
From: mishedlo	Read Replies (2) of 110194

This really is just too much mish ===================================== US Treasury´s Snow reaffirms strong-dollar stance - report Thursday, October 21, 2004 1:14:46 AM afxpress.com US Treasury's Snow reaffirms strong-dollar stance - report HONG KONG (AFX) - US Treasury Secretary John Snow reaffirmed his government's support for a strong dollar as the US currency slid to an eight-month low, the Financial Times reported on its website Asked to comment on the currency while touring a school in Florida, Snow was quoted as saying: "You know our view on the dollar, we've articulated it many times. We support a strong dollar." The report said Snow's comments represent the first official remarks about the dollar's value in recent weeks, although Federal Reserve officials have been making unusual remarks on the currency, an area of economic policy they usually avoid Last week Robert McTeer, president of the Dallas Federal Reserve, said: "Over time there is only one way for the dollar to go lower."

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