what happened to others?
I'm a ranting arrogant NY'er when it comes to this stuff.. understandable when the toughest capital movers in the whole world lives down the block. My bs fits my head and sugeist zazzonne.
also Treasury Sec is a very political position. His job is to make Bush look good[top secret info].. so every 50/50 bs word out of his mouth can't be taken too seriously imo.
"I believe that a strong dollar is in our nation's interest and that currency values should be determined in open and competitive markets in response to underlying economic fundamentals,"
Paulson said, according to a transcript."
---------- is an oxymoron imo
The strong dollar bs is real bs since Reagan sent the mkts some spirit and the European consolidation. Bs'ing about a strong dollar policy makes the whole word attracted to out debt and greases our long term debt mkts and lowers inflation expectations.
Bush's tax cuts was a big US jolt of Joy Juice liquidity. [US generates tons of good investment capital liquidity to grease mkts. No grease then danger prevails imo]. E's capital mkts do not have strong fundamentals imo and they have a strong currency. There are also other relatively strong currencies that have sh itty growth. Over time currency mkts gyrate and bop around a smooth tune if no severe prob's imo. If Japan gets in tune Australia will have real competition as the far east is A's stomping grounds.. and A's big business is very hard nosed competitive currently imo. I think favorable politics is a significant factor? It's business friendly.
sorry if I'm boring
