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To: energyplay who wrote (56753)	12/1/2004 11:52:59 PM
From: Taikun	Read Replies (2) \| Respond to of 74559

I think we'll start hearing about more of these from Germany to Japan. I have to think there must be a few companies that didn't see this coming ie no hedges in place. Then there are the French. I was getting my eyeglasses repaired and the Proprietor told me noone wants French frames anymore due to their stance on Iraq. Wow, a double-whammy for France. They you have Canada's Royal Bank laying off 1600 due to losses in their US Mortgage division. Looks like whatever it is it's contagious!

To: energyplay who wrote (56753)	12/2/2004 1:04:11 AM
From: rayok	Respond to of 74559

It's all in the presentation. If American workers were told their wages will be cut 30%, they would cry. Depreciate the currency those wages are denominated in, by 30%, and they are thrilled. Wouldn't it be great if the U.S. dollar was valued at zero? Americans could have any job they want, with wages priced to infinity!

To: energyplay who wrote (56753)	12/2/2004 3:08:33 AM
From: Seeker of Truth	Read Replies (2) \| Respond to of 74559

The article tried to make a sensation by simply looking at one side. Some points: 1. European importers have to be doing well for the same currency reason. The imports include oil as a principal case. 2. Most European trade is intra-European, not involving the US dollar. Europe is not Japan. 3. The example of concert pianos is completely wrong. The Steinway concert grand is THE standard around the world. Nobody else equals it. So what non-European entity would buy a piano for a concert from Europe? Makes no sense. This error on a small point makes one suspicious of the reporter.