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To: Les H who wrote (163913)	5/5/2002 7:05:37 PM
From: yard_man	Read Replies (2) \| Respond to of 436258

thanks, Les. I agree with this -- dollar needs to fall, but slowly -- the only question is if they can accomplish this -- the ball is already rolling: >>"The biggest problem for a Federal Reserve/Treasury management of the economy going forward is to have a softer dollar in place but not one that gets there in a vicious manner...because we still have to attract some $400 billion in investment" annually, said David Durrant, chief currency strategist at Bank Julius Baer. "The Treasury can't come off the strong dollar policy because of course the dollar would collapse. But they can talk all around it, and we think that's generally what they will have to do," Durrant added. <<