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Re: Zeev Hed post# 143332

Thursday, 08/21/2003 11:01:52 PM

Thursday, August 21, 2003 11:01:52 PM

Post# of 704041
Zeev...

The problem with that reasoning is that Germany cannot export unless there is a buyer. The US consumer is the buyer of choice for Europe and even more so for Japan and the rest of Asia. The stronger dollar hurts the US consumer (slower economy, higher prices) so it hurts Germany and the rest more than it helps.

It is a vicious circle.

mlsoft

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