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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (14811)	7/2/2002 2:53:51 PM
From: kodiak_bull	Read Replies (3) \| Respond to of 23153

Soros: If there was ever a guy who you'd want to listen to, and then think long and hard not about what he said, but what did he mean to accomplish by saying what he did, it's George Soros. The fall of the dollar has been forecast for many years; is this really "a vote of no-confidence by investors in the world," or just a verification of the law of gravity, reversion toward the mean? To me, personally, a strong dollar means imports are cheaper and overseas travel is a bargain. But the advantage it gives to foreign producers means we drift farther and farther into a service and not a mfg economy, and our own exporters get slammed. I would guess a "corrected" dollar, perhaps at rough parity with the Euro, would be more in balance with all our goals (and not just floating the market), but I may be all wet. Other, smarter opinions?? Kb