CURRENCIES
Dollar mixed ahead of Fed meeting
Yen hits record low vs. euro on diminishing rate-hike hope
By Wanfeng Zhou, MarketWatch
Last Update: 4:27 PM ET Dec 11, 2006
NEW YORK (MarketWatch) -- The dollar fell against the euro Monday after former Federal Reserve chief Alan Greenspan warned that he expects the dollar to be weak for a few years to come.
Earlier the U.S. currency had made gains on speculation that the Fed, which is due to meet on Tuesday, will refrain from signaling that a rate cut is in the cards for early 2007. Speaking via remote connection to a conference in Tel Aviv, Greenspan said that the dollar will keep falling until the U.S. current account deficit narrows and that it would be imprudent to "hold everything in one currency." ...
http://www.marketwatch.com/news/story/story.aspx?guid=%7B1FB37FF2%2D7F38%2D458A%2D8444%2D04145E575C1A%7D&dist=rss&print=true&dist=printTop
How many times do I have to repeat it before you understand? Is it going to take 3 months, like it did for you to realize that "triple deficits" double counted the trade deficit, which made "triple deficits" so inaccurate as to be useless.