Posted on 10/25/2004 12:44:26 AM PDT by RWR8189
I'm against protectionism, and I'm against dollar manipulation in either direction. The law concerning the Federal Reserve says its goal is to achieve stable prices, and that's the way it should be.
Bush's biggest second term challenge will be avoiding a recession in 2005. if $55 oil doesn't break back down to $40 quickly after the election, even the 3% GDP projections for 2005 will not hold up. Leading economic indicators have been down 4 months in a row I believe.
so, are you against the chinese artificial peg of the yuan to the dollar?
Yes, and all the other countries that do it, too.
I would hope that the low dollar leads to more domestic manufacturing too. The less we have to buy from china the better.
,,, my new BOSE 901s cost a lot less with the $NZ being so strong. I guess some days you're the pigeon, some days you're the statue.
You do realize this was written October 25, 2004?
Guess I need to remind you, too. This was written October 25, 2004...
,,, there's a lot of buyers for the $NZ at present as New Zealand has the highest interest rates in the developed world. I've got some spare money invested at 11%.
,,, thanx for pointing that out. My comments still stand.
Of course he realizes that it was published on October 25, 2004. He was the one that posted it that same day. Do you realize that it was originally posted on October 25, 2004?
They are doing it to save Ford and GM. Imports are more expensive with a weak dollar.
Posted on 10/25/2004 2:44:26 AM CDT
?
lol
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