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

To: Wayners who wrote (640471)	10/8/2004 12:57:21 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

Correct, anytime. (For reasons of their own though (like the need to tamp-down unrest by keeping domestic employment up), China and Japan have chosen so far to subsidize their exporter's by currency manipulations, and this forces them to 'sterilize' by re-injecting their dollar-based profits into our treasury debt issues. Recent months though have already shown a reduced level of foreign buying compared to last year. I think that once the dollar peg is adjusted upwards --- and China's currency is allowed to appreciate --- that the 'dam will be broken' and our dollar could drop very fast.)