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

To: ild who wrote (19692)	10/8/2004 7:39:06 PM
From: CalculatedRisk	Respond to of 110194

Greenback driven lower on US jobs data By Steve Johnson in London Published: October 8 2004 11:39 \| Last updated: October 8 2004 17:20 news.ft.com EXCERPT: Dallas Fed president Robert McTeer warned that “Over time, there is only one way for the dollar to go - lower”. Just for good measure, he also talked about the theoretical possibility of a “crisis” precipitating “rapidly rising interest rates and a rapidly depreciating dollar” if and when the wider world stops funding the rapidly expanding US current account deficit.