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2004-11-20 Home Front: Economy

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Posted by tipper 2004-11-20 9:32:43 AM|| || Front Page|| [2 views since 2007-05-07] Top

#1 Greenspan is talking down the dollar. If you read other reports he essentially says. Paraphrasure - 'It's my job to tell you what will happen. It's up to you to act to protect your interests.'

Given this was said in Germany at the same time as the APEC summit it's clearly for international consumption. The message is - Sell your USD denominated assets. Very interesting!

Posted by phil_b 2004-11-20 3:28:01 PM|| 2004-11-20 3:28:01 PM|| Front Page Top

#2 One interesting consequence of a declining dollar and with the Yuan pegged to the dollar, is Chinese exports will flood into Europe. Forcing China to recycle its surpluses by buyin Euro denominated assets and sending teh Euro even higher. Its going to be a very interesting couple of years.

Posted by phil_b 2004-11-20 5:06:03 PM|| 2004-11-20 5:06:03 PM|| Front Page Top

#3 A baby de val? Is there such a weirdo?

Posted by Shipman 2004-11-20 5:33:37 PM|| 2004-11-20 5:33:37 PM|| Front Page Top

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