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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: philv who wrote (5437)1/18/2004 5:04:41 PM
From: Square_Dealings  Read Replies (1) | Respond to of 110194
 
Somehow if oil goes to $60/bl and mad cow persists in the US I dont think Canada is going to have to worry about a strong currency.

Interest rates are going to be a non starter for currency adjustments in the future, especially if they all go to zero. Its going to come to who has the hard goods period.

M



To: philv who wrote (5437)1/19/2004 1:46:30 AM
From: Wade  Read Replies (1) | Respond to of 110194
 
<So what does all that mean? I think he is talking to two constituencies. For the local US political crowd he is saying the politically correct thing, that is a strong dollar policy is desirable. However he is telling the FX crowd that they will determine its relative value, or more to the point, that inspite of his "desire" for a strong dollar, the administration will not support it.>

My additional point for his double talk is that he was trying to keep those who have no clue of what was going on from finding out the actual situations. Almost all of my coworkers don't know that US dollar has depreciated so much against foreign currencies. For those know a little bit about this news have no clue of how to protect themselves from this situation. We can say that 99% of the US citizens are totally unprepared to deal with this. They don't know how to buy any gold stocks or any kind of gold or silver coins.

Wade