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

To: AK2004 who wrote (495033)	11/18/2003 5:18:59 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 769670

The real numbers are out there. That is why gold is rocketing. Doesn't believe the BS from BLS or the mouth-farts from Dumbya and his bunch of morons (looks like you are trying hard to qualify).

To: AK2004 who wrote (495033)	11/18/2003 5:35:32 PM
From: Kenneth E. Phillipps	Read Replies (3) \| Respond to of 769670

Dollar Drops to Record Low Versus Euro as Asset Purchases Fall Nov. 18 (Bloomberg) -- The dollar tumbled to a record low against the euro in New York trading after net foreign purchases of U.S. securities fell to the lowest in five years, and the Bush administration imposed trade restrictions on China. The U.S. currency's decline was the biggest one-day drop since April 3, 2001. The Treasury Department said international investors bought a net $4.19 billion in September, down from $49.9 billion in August. Fewer purchases means the U.S. will have trouble financing its current-account deficit, the broadest measure of trade and investment. ``The big question remains whether foreign investors will be attracted to U.S. assets and keep flows coming in at a pace enough to offset the current account deficit,'' said Rebecca Patterson, global currency strategist at J.P. Morgan Chase & Co. in New York. ``Having the Bush administration raising more tariffs and imposing more restrictions to trade will not help.'' As of 5:28 p.m. in New York, the dollar traded at $1.1966 per euro, compared with $1.1749 yesterday. The previous low was $1.1933 per euro on May 27. The dollar has declined against 15 of the 16 major currencies this year, with the exception being the Mexican peso. It fell to 108.01 yen from 108.92. Patterson forecast the dollar would decline to $1.20 per euro by year-end. The euro, a currency shared by a dozen European Union nations, debuted on Jan. 1, 1999, and reached $1.1804 its first day of trading. Its low was 82.3 U.S. cents in October 2000. The dollar is down about 5 percent against the euro since some investors interpreted a statement on Sept. 20 from the Group of Seven finance ministers calling for flexible exchange rates as an endorsement of a weaker dollar. Declines in the dollar accelerated as it past previously set orders to sell the currency at specific levels, or so-called stops, such as $1.1810 per euro, $1.1845 and $1.1933, according to Chris Melendez, president of Tempest Asset Management, a hedge fund in Irvine, California