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To: NOW who wrote (109746)6/21/2001 6:12:46 PM
From: yard_man  Respond to of 436258
 
doesn't matter whether it stops Easy or not -- he's already reaching the limit of effectiveness (see Alan Newman's page on the how many S&P points a dollar buys -- lower rates makes this worse, too) --

and don't forget that foreigners hold some of that debt.

They aren't going to simply wait for a sign to pop up that says: Dollar is not apt to appreciate from here -- get out now before everyone else.