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limtex

05/08/03 1:35 PM

#105791 RE: Zeev Hed #105782

ZH How would you like to be in business in Germany with the Euro over 1.20- $???

They are going to need a lot of bankruptcy lawyers in Euroland this year and next year and for the foreseeable future.

Best,

L
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Ace Hanlon

05/08/03 1:44 PM

#105798 RE: Zeev Hed #105782

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.