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To: StatesEnemy
Afterall, saddling the next generation with the indentured service of our debt is hardly fair.

A bit late to worry about the next gereration already. Try, maybe, two generations out.

12 posted on 11/28/2003 1:42:53 PM PST by templar
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To: templar
This article seems too "gloom and doom" to me. For an alternate and more positive approach see the excerpt below from the daily Schwab report.

"Weakness in the U.S. dollar is considered welcome relief by U.S. manufacturers, which have been battered by intense foreign competition as a fall in the greenback would be expected to raise the price of imports and make exports more competitive. In addition, a positive currency translation helps lift revenues and bodes well for the bottom line of U.S. multinational corporations. However, a rapid, destabilizing decline in the dollar may potentially have a negative impact on U.S. equities if capital inflows into the U.S. slow because foreign capital is needed to finance the trade deficit."

13 posted on 11/28/2003 1:54:01 PM PST by shrinkermd (i)
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