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To: e. boolean who wrote (22526)10/21/1998 11:23:00 PM
From: Jay8088  Respond to of 164687
 
Rubin may be concerned about dollar declining too fast. With gradual and controlled decline, everyone should be happy.



To: e. boolean who wrote (22526)10/21/1998 11:25:00 PM
From: Bill Harmond  Read Replies (1) | Respond to of 164687
 
EB, all I can say is actions speak louder than words. By aggressively lowering rates, the US has allowed the dollar to fall back, and that is precisely what happened. Rubin is speaking as a voice of stability, so traders won't go wild speculating on a lower dollar.


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