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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: chomolungma who wrote (69914)	4/23/2003 10:45:02 AM
From: zonder	Read Replies (1) \| Respond to of 70976

Nah. There's no policy change, it's only the markets doing their job. There IS a policy change - no more "strong dollar policy". Take a look at Fed Governor Bernanke's Nov 2002 speech, and tell me if that shows a policy change or not.

To: chomolungma who wrote (69914)	4/23/2003 10:49:09 AM
From: Sun Tzu	Respond to of 70976

> You don't need to be a "net exporter" to benefit from a decline in the currency... The only way I favor the decline in currency is if it is happening because we are buying out outside companies. I do not like it when it happens because others are pulling out of US. In other words a decline is good when it is grounded on foreign growth and it is not good when it is rooted in negative vote on US. > And if enough tried to "take back" their money, the dollar would adjust at once. Yes, if USD falls 50% overnight, then the world will start investing in US and eventually bring things back up. Somehow I don't find that prospect appealing. > it's only the markets doing their job. I never argue with the ticker tape :-)