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To: mishedlo who wrote (225501)	3/4/2003 11:09:48 PM
From: Win-Lose-Draw	Respond to of 436258

weapons. we export more instruments of death than the rest of the planet combined. the more wars we foster, the more bullets we sell. it's one of the few manufacturing segments where we're growing our market share. razors and razorblades. or something.

To: mishedlo who wrote (225501)	3/5/2003 5:52:26 AM
From: sammaster	Respond to of 436258

plus china is pegged to our dollar so any devaluation on our part does not hurt them

To: mishedlo who wrote (225501)	3/5/2003 9:20:19 AM
From: Haim R. Branisteanu	Respond to of 436258

The combined pressure was enough to send the dollar to a new 4-year low of 1.10 against the euro and 1.3263 vs Swiss franc. Sterling also rose above key resistance at 1.59, while the dollar tested major support at 117 yen. But weak European service sector data put a damper on further gains after Eurozone February services PMI fell to 48.9 from 50.2 after lower than expected declines in both Germany and France which fell to 43.6 and 53.8. The decline in Germany marked a new survey low, while France marked the 15th consecutive month of expansion, highlighting the growing imbalances between the two countries. In addition, Germany's Economics Minister Clement said he expects the euro's rise above $1.10 could hurt Germany's export economy. Given the euro's strong rise against a basket of currencies, complaints over its rise could easily reign in its gains. Slowing growth in both Germany and the rest of the EU will put the ECB's interest rate meeting in focus this Thursday. Not helping the dollar or Wall St on Tuesday was Fed Chairman Greenspan's remarks to community bankers that house prices were likely to fall, thereby removing a pillar of support to the economy via household purchases of goods and services. Greenspan noted that mortgage rates might have reached a floor, which will likely hold back future consumption related spending from refinancings.