Forum Archive Index - February 2004

[Stephen Judd <stephen@vital.org.nz>]

On Fri, 2004-02-13 at 22:42, hugh webber wrote:
> An interesting case of the tail wagging the dog. 
> And how some people become unbalanced through 
> conspiracy theories.....
> 
> The lower US dollar has everything to do with very low interest 
> rates coupled with a horrendously large and longstanding US 
> deficit on Current A/c of the Balance of Payments and absolutely 
> nothing to do with a Bush re-election campaign.

The Economist I bought yesterday pretty much agrees, to the extent of
saying that the US$ is still overvalued.

The problem REALLY is Asian countries whose currencies are pegged
artificially low ...

Stephen
-- 
Stephen Judd
stephen@vital.org.nz
021 877752


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