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bobwill9

01/03/08 6:24 AM

#115055 RE: RubyMartin #115051

OT> funny no mention of how the lower dollar, that of which the Chinese Yuan is pegged to, has created record exports. Until the fed funds rate is lowered another ~100 or so basis points (inflation will force Berneke's hand I suspect) the dollar will remain weak. You can also see that though the euro got some underpinning from their central banks injecting cash (~40 bil?)the libor spreads have resumed their previous upward slope. I think the general US economy will slow considerably in 2008, though not into recession, mainly due to the global growth from the BRIC countries