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To: Sergio H who wrote (4796)8/1/1999 1:51:00 PM
From: James Strauss  Read Replies (1) | Respond to of 13094
 
It's The Dollar Stupid...

Sergio:

Little is being said about the sinking dollar and its relationship to interest rates... It doesn't surprise me that the FED chooses a time of relative price stability to raise interest rates... Higher rates should defend the dollar... So... "It's the dollar stupid" philosophy that is now guiding the FED...

Jim