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

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To: TobagoJack who wrote (56580)	3/22/2006 9:15:50 PM
From: sciAticA errAticA	Read Replies (1) of 110194

Economy could withstand sharp dollar drop: Bernanke today.reuters.com <snip> The chronic U.S. trade gap need not fuel a "precipitous" decline in the dollar, but the economy may be able to shrug it off if it did, Federal Reserve Chairman Ben Bernanke said on Tuesday. "Although U.S. trade deficits cannot continue to widen forever, these deficits need not engender a precipitous decline in the dollar, nor should such a decline, were it to occur, necessarily disrupt financial markets, production or employment," Bernanke said in a letter to Rep. Brad Sherman, a California Democrat. <snap> LOL! Charles Mackay was spot on! ========== ... trying to pick which month is good for gold is like trying to choose your favorite angel off the head of a pin... ... or, conversely, which seat in the titanic orchestra pit has the fluffiest cushion... ... some will never learn... thank goodness!

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