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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: JakeStraw who wrote (17713)11/13/2007 12:52:10 PM
From: Kenneth E. Phillipps  Read Replies (3) of 224843
 
By the way, Warren Buffett told us all this would happen. In mid 2002, for the first time in his life, he began buying foreign currencies, thus betting against the dollar. He explained his reasons most extensively in a Fortune article he wrote (Nov. 10, 2003). The main factor he cited, the trade deficit, is much worse now. For a year or two after the article, his bet seemed to be a loser. But now, as usual, he looks prescient.

money.cnn.com
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