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To: mishedlo who wrote (253737)8/3/2003 9:55:50 PM
From: Haim R. Branisteanu  Respond to of 436258
 
Unfortunate and sadly Marc Faber is right.

So, if the present easy monetary policies continue to be pursued - and, given the statements that have been made by senior Fed officials, Mr. Greenspan's track record of easing, and Mr. Bush's unshakeable determination to be re-elected, we must not doubt for a minute that they will be implemented at whatever longer-term cost to the economy - a further decline in the dollar and a rise in interest rates is only a matter of time.