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John Larkin

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Aug 26, 2008, 12:00:17 PM8/26/08
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http://news.bbc.co.uk/2/hi/business/7581531.stm

Well, this will make it easier to get a seat at restaurants. Dang near
half the tables are packed with German and French tourists.


John


bill....@ieee.org

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Aug 27, 2008, 9:20:15 AM8/27/08
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On Aug 27, 2:00 am, John Larkin

John should remember that the US balance of trade deficit would be a
whole lot worse if the restaurants weren't full of French and German
tourists spending valuable and internationally negotiable euros on
food that had been bought with soggy US dollars and cooked by people
who were silly enough to take their wages in the same dubious
currency.

The dollar is up a bit - presumably the European Central Banks need
some more cheap paper to improve the thermal insulation of their
vaults now that winter is coming around again. The fundamentals
haven't changed - the US is still importing more oil than it can pay
for,and borrowing money to cover the deficit.

--
Bill Sloman, Nijmegen

Rene Tschaggelar

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Oct 6, 2008, 4:23:32 AM10/6/08
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The dollar drops...
A wonder when considering the 700 billions
to be pulled out of an already empty hat ?

Unfortunately the crisis is not solved by
just de-valuating the USD to 10% of its
previous value.

Rene

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