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To: Lucretius who wrote (208448)12/8/2002 10:59:19 PM
From: Gersh Avery  Read Replies (2) | Respond to of 436258
 
'cause it's a bear market ..



To: Lucretius who wrote (208448)12/8/2002 11:16:09 PM
From: Les H  Respond to of 436258
 
some bloomberg article on the dollar selling off till Bush names successors when it's supposed to bounce. supposedly, o'neill wants a weak dollar since he's allied with basic industry. the successor is supposed to be a wall street whore who'll push and prod the dollar, and won't give it a moment's rest. at least, that's what japan hopes...

sg.biz.yahoo.com



To: Lucretius who wrote (208448)12/9/2002 12:00:23 AM
From: Les H  Read Replies (1) | Respond to of 436258
 
looks like bush picked another old industry ceo, rather than a new age finance company ceo, for treasury. see quote.yahoo.com. head of csx rail.



To: Lucretius who wrote (208448)12/9/2002 12:59:04 AM
From: ild  Read Replies (1) | Respond to of 436258
 
12/09 00:21
Dollar Falls Against Yen; Post Reports Snow to Replace O'Neill
By John Brinsley

Tokyo, Dec. 9 (Bloomberg) -- The dollar fell for a second day against the yen after the Washington Post reported that U.S. President George Bush chose John W. Snow, chairman of CSX Corp., as Treasury secretary.

Bush's decision to replace ousted Treasury Secretary Paul O'Neill, formerly chairman of Alcoa Inc., with the head of the U.S.'s third-biggest rail system fueled speculation the administration may advocate letting the dollar weaken further.

The dollar fell to 122.85 yen at 2:09 p.m. in Tokyo, from 123.51 late Friday in New York. It was also at $1.0111 against the euro, from $1.0094. The U.S. currency has dropped 6.7 percent against the yen and 14 percent against the euro this year.

``The appointment of someone from industry is disappointing for the dollar,'' said Shigehiro Kamimura, manager of the market trading department at Asahi Bank Ltd. ``It implies the U.S. won't tolerate a weaker yen.''

quote.bloomberg.com