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To: Trey McAtee who wrote (50718)8/26/1998 2:33:00 PM
From: James Strauss  Respond to of 58727
 
Trey:

With many emerging markets in trouble, we can expect global price wars for the export dollars... We know what happens when the airlines get into a price war; no earnings...

Our balance of trade will probably tilt more to the negative side...
Here is my latest conspiracy theory... The orders slipping away from Boeing to Airbus is no accident... Let's call it the price the U.S. pays for some cooperation from England, France and Germany for worldwide political backing... This may qualify for an X-Files script... : >

Bottom line... The FED needs to lower interest rates to make U.S. products more competitive in the world markets... Or else!!! : <

Jim