Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: chomolungma who wrote (69928)	4/23/2003 12:30:08 PM
From: zonder	Read Replies (1) \| Respond to of 70976

You could have accepted your defeat a bit more gracefully. Fact: USD declining against major currencies Two possibilities: (1) US government still follows strong dollar policy, and they are trying to keep the dollar strong but are failing miserably. (2) US government does not follow the strong dollar policy anymore. AS YOU HAVE SAID: The present administration let's the markets decide and doesn't get into the currency manipulation that the prior administration did. That is a change in policy. Letting the USD slip back to what you might call a "fair value" wrt other major currencies, means abandoning the strong dollar policy. I believe, and so do you, that the second choice is the correct one. I don't know how to make this easier to understand. If you have a valid objection (as opposed to "you this you that") to what I have said above, I would be interested to hear about it.