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  • From: "Toni Hawryluk" <tonihawr AT msn.com>
  • To: "Homestead mailing list" <homestead AT lists.ibiblio.org>
  • Subject: [Homestead] 4 years later ...
  • Date: Wed, 1 Dec 2004 00:58:11 -0800

http://moneycentral.msn.com/content/invest/extra/P101252.asp?GT1=5851<http://moneycentral.msn.com/content/invest/extra/P101252.asp?GT1=5851>



excerpts :

Its decline to a nine-year low is affecting everything from the price of
goods at Wal-Mart to the vigor of Europe's economy.



... America, the world's leading importer of goods, is now buying them at
higher prices. And if the dollar's dive makes foreign investors wary, U.S.
interest rates may have to rise to attract buyers of federal debt.



Less hope after election
The dollar is now down about 50% against the euro since October 2000 and
recently hit its lowest level since 1995 against a basket of foreign
currencies.




..412 billion budget deficit and the approximately $600 billion trade deficit
the United States ran in 2004.





(my NOTE)

In the year 2000 - the U.S. had "money to burn" from Clinton

in the year 2004 - the U.S. is well on its way to printing Treasury toilet
paper




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