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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (14525)	6/24/2002 11:32:58 AM
From: Ahda	Respond to of 82298

It just gives me a headache the way things are set up it is constant inflation but the corporations here are truly having problems creating additional profits as our labor rates are already too high and increasing. We definitely from that point of view do not have an advantage in this world economy. Japan is attempting to give themselves an advantage by selling the US dollar so currency wise product world price is more competitive. Past history of prime employment here in telesales is proving futile as people don't appreciate having interruptions of this nature. Highly competitive business is very costly in terms of undercutting and as we have seen in the Telcos it was a total waste. Competition can backfire so Japan could end up with oodles of US dollars at a fraction of their value this could actually aid US. However it could cause numerous US companies to find themselves in a situation of a huge increase in debt. Purchase in prior terms of strength of US dollars debt held here has increased due to dollar decrease here. So said China due to the peg is a much safer financial investment for US companies. Think that one out and you would think Japan was working for the benefit of China VBG