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To: Tom Smith who wrote (63396)1/31/2001 5:21:00 AM
From: Tom Smith  Respond to of 436258
 
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To: Tom Smith who wrote (63396)1/31/2001 10:10:33 AM
From: Earlie  Read Replies (2) | Respond to of 436258
 
Tom:

As noted earlier in the year, the U.S. can't lower rates consequentially without the Europeans doing likewise. The rate differential must be maintained or the dollar gets smacked.

Best, Earlie