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To: Moonman62
"It helps the 5% of our economy that exports. It screws the other 95%."

Nonsense. Who told you such rubbish? Go fire your professor dear child!

The U.S. economy is 85% internal (i.e. no impact due to falling Dollar), 9.5% imports (i.e. gets slammed by falling Dollar), and 5.5% exports (i.e. gets a big boost from a falling Dollar).

Now look at our trade imbalance. We import more than we export...and we want to bring that closer in to almost balance with our exports.

The single factor that reduces imports and expands our exports is a falling Dollar.

On the other hand, if you want more Chinese goods on your retail store shelves, then keep hoping for a strong Dollar propped up by a Chinese Yuan to Dollar peg and massive foreign government buying of U.S. Treasuries.

After all, a "strong Dollar" benefits the Chinese and Europeans.

69 posted on 12/01/2004 3:12:58 PM PST by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: Southack

You sir are the voice of reason in these threads.


71 posted on 12/01/2004 3:49:36 PM PST by Nataku X (Lord, please guide President Bush, and please protect our soldiers in Fallujah.)
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To: Southack

I'm ignoring you.


72 posted on 12/01/2004 5:18:28 PM PST by Moonman62 (Federal Creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it.)
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