To: Chgogal
Well, the dollar can fall on a number of reasons. From consumer confindence, oil prices,etc etc but its usually Policy set by the treasury department.
The high euro is actually good for the US as it boosts our exports and devalues our deficit.
To: Alex Marko
Well it's not consumer confidence since it is low in Europe with the two largest economies suffering double digit unemployment. Europe's GDP growth barely hits 1%. The two largest economies have a slightly greater than 3% deficit. The EU has no military to speak of, therefore, only can only bark when negotiating foreign policy. I am saying all the above because of the statements that were released by Japan and South Korea regarding their Central Banks positions vis a vie the U.S. dollar. I am saying those things because of words that escape Buffet's mouth.
High oil prices just hurts the US since Europe pays in well, Euros.
29 posted on
03/12/2005 9:39:06 AM PST by
Chgogal
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