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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: jackhach who wrote (491026)	11/11/2003 8:30:37 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 769670

Nice theory. Slayed by facts, though. futures.tradingcharts.com Message 19482857 Do notice that in 1999, 2000, 2001, exports kept rising in spite of a rising dollar? There's another little matter your theory left out: A lot of "hot" foreign money wandered over here during the bubble looking for those "guaranteed" capital gains- -which weren't guaranteed at all. That made the dollar strong. When the bubble burst, courtesy of Mr. Greenspan ansd his rate increases (remember those?), that money went home with its tail between its legs, weakening the dollar. There was much discussion during the bubble about what would happen if all that foreign money got homesick. Well, we're there.