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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (26651)	12/30/2002 8:48:04 PM
From: Raymond Duray	Read Replies (3) \| Respond to of 74559

Howdy LLCF, We'll agree to disagree. :) I've happened to notice that the last time the dollar was exceptionally strong, it was in response to a fiscal discipline within the U.S. government that brought on the first surpluses in decades. Now that that discipline has been shredded for the sake of the broker-dealers who parasitically trade in Treasury paper, the dollar is inexorably getting sold off. To say that this occurs "under its own weight" is a bit like saying that a woman got pregnant through no fault of her own. Reality is that there is a class of folks in the financial world who profit from the creation of government deficits. And they happen to be in charge of the game at the moment. -R.