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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: CalculatedRisk who wrote (19451)12/23/2004 4:33:45 PM
From: Kailash  Read Replies (1) of 116555
 
"The US says it will let market forces determine the dollar's strength rather than intervene directly."

How would the US intervene? Other countries sit on stacks of foreign currency that they can use to buy their own. What would the US do? It may be that the only thing they could do is restrain spending. Or maybe sell off our national parks, as someone suggested? Sell Bush to the highest bidder?

Cheers,
K
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