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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (17889)12/7/2004 11:39:27 AM
From: MulhollandDrive  Read Replies (1) of 116555
 
i like this fellow's take:

If American demand can be supported only by a weaker dollar, the rest of the world has no option but to play along, until the costs of that policy become intolerable. Growth has halted in Europe and in Japan. Hence, a dearer currency is acceptable if it keeps demand in the only export market in the world alive. Thus, the world has to `want' a weaker dollar now, says V. Anantha Nageswaran.

thehindubusinessline.com
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