From: Adam <""4thwormcastfromthemolehill\"{at}the field.near
the bridge">

Phil Payne wrote:
>> $2 by Christmas.  The question is - $3 by Christmas 2007?
>
> http://www.ft.com/cms/s/6787cede-8128-11db-864e-0000779e2340,_i_rssPage=ff3cb
af6-3024-11da-ba9f-00000e2511c8.html
>
> "The dollar plunged as low as $1.9847 against sterling and to $1.3348
> against the euro on Friday after the Institute of Supply Management's
> manufacturing index fell unexpectedly to 49.5 in November, from 51.2 in
> October. This signalled that manufacturing activity in the US contracted in
> November after more than three years of growth."
>
> It does look very much like the long term slide has now started.  The United
> States is quite simply living beyond its means.
>
>

I think the Chinese comments kicked it off which is interesting in itself
(i.e. that comments from the Chinese could have this effect).

Adam

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