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Ace Hanlon

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Ace Hanlon

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Re: Zeev Hed post# 105782

Thursday, 05/08/2003 1:44:31 PM

Thursday, May 08, 2003 1:44:31 PM

Post# of 704041
A higher Euro does not do that much for the balance of payments since most the deficit derives from trade with Asia. And the Asian tigers still peg their currencies to the dollar.

Until the dollar loses substantial value versus the key non-Japan asian currencies there will not be much progress on the balance of payments front IMHO.


“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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