From: Ad 

George Sherwood wrote:
> Phil Payne wrote:
>>> Of course, I can also find links like this:
>>>
>>>
>>
http://www.bloomberg.com/apps/news?pid=20601087&sid=aguRviOo2DoI&refer=home
>>>  "The reports ``signify a clearing of the decks for a
better performance
>>> going forward,'' said Carl Tannenbaum, chief economist at LaSalle Bank
>>> in Chicago and president of the National Association for Business
>> Economics.
>>
>> Oh dear.
>>
>>
> WTF does that mean?  All we are talking about is economics. That what is
> said on an Iranian website about economics is more believable?  Super
> economy there. Of course nothing here by you.  You don't address the
> actual growth rates in Europe or even why this appreciation of the Euro
> is a good thing.  Why is BAE moving business out of the UK?  Maybe
> something about the appreciation of the pound?
>
> George



WRT BAE, it's nothing to do with the pound.

The US spends more on defence ergo if you are a defence company & you
want to make more money.....

Equally wrt UK defence contracts, the whole thing is in pounds & as
such there is very little effect from any currency rate changes.


Adam

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