Re: USD Woes

PaPaPeng:

RISKY BUSINESS
Investing in a fool's paradise
By Jephraim P Gundzik
May 1, 2007http://www.atimes.com/atimes/Global_Economy/IE01Dj01.html

Someone's nightmare ....

Is others' glee. There is not any doubt that many EU ex-
porters are running scare at the most unpleasant prosp-
ect of a 25% decline in the USD.

Airbus announced a 50% cut to compete with Boeing.

US manufacturers across the board reported increased
export due to the falling USD. Most US economists are,
arguably a bit optimistically, predicting that those latest
economic data was a bottom. Their reasons, are rather
simple: job market is favorable, and CapX will soon be
ramping up. Moreover, US companies' earnings are un-
precendented. The market, appears to concur with that
assessment and soared to historic high.

Nevertheless, only time will tell ....

Regards,

Albert K. Fung
Hacienda Escala, Santa Ynez, California, USA.

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