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To: d4now
"do you think it's possible they're (the Bush Administration) intentionally trying to deflate the dollar?"

I honestly don't know. They have been giving mixed messages. They are in the same position that Hoover was in in 1930. The bubble is deflating and they cannot control it (the market is bigger than government intervention). Deflating the dollar causes problems and propping it up causes problems. This is a loose-loose proposition.
19 posted on 07/09/2002 5:52:42 PM PDT by rohry
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To: rohry
Given our (the U.S') position in a sink hole of debt wouldn't it be a smart thing to do (deflate the dollar and inflate us out of the sink hole) and forgive my ignorance but doesn't that debt put Bush in a different position that Hoover?
22 posted on 07/09/2002 6:13:54 PM PDT by d4now
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To: rohry
Also have you seen the latest concerning the S&P?

From Aaron Task at thestreet.com:

...news from S&P that it is removing Royal Dutch, Unilever, Nortel, Alcan, Barrick Gold, Placer Dome and Inco from the S&P 500.

Replacing those (eek) foreign-based firms are UPS, Goldman Sachs, Prudential, eBay, Principal Finanical Group, Electronic Arts and SunGuard Data.

Notably, companies that are domiciled abroad but with U.S-headquarters -- like TYC and Carnival Cruise Lines -- aren't being removed in what S&P is calling an attempt "to make the S&P 500 a better reflection of the large-cap segment of the U.S. equities market."

That's fine and dandy but given that some of those foreign companies have been in the SPX for as long as 60 years, the timing of this moves is going to get the conspriacy theorists in a lather.
24 posted on 07/09/2002 6:16:39 PM PDT by d4now
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