Rat dog micro-cap picks... Message Board

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Microcap & Penny Stocks : Rat dog micro-cap picks...

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To: micdundee2 who wrote (34922)	7/10/2007 12:27:43 PM
From: Bucky Katt	of 48461

The €uro soared to an all-time high against the U.S. dollar on Tuesday, topping the $1.37 mark as key U.S. retailers and homebuilders lowered their growth forecasts, causing more concern about the American economy. "The dollar is a basket case," said Peter Schiff, president of Euro Pacific Capital Inc. "We are going to pay the piper for years of having the underlying fundamentals of our economy disintegrate beneath our feet." Given the state of the U.S. economy, he said, the dollar could continue to fall in the coming years against the €uro to $2.50 or even $3. Adding to the dour news on Wall Street was a move by Standard & Poor's Ratings Service to place credit ratings on !>>>>612<<<<! classes of residential mortgage-backed securities backed by U.S. subprime collateral under review for a possible downgrade. Subprime mortgage loans are those made to people with questionable debt repayment records.

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