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'Stocks rose Thursday as the dollar slipped against other major currencies'

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Newsjock Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-10-09 10:12 AM
Original message
'Stocks rose Thursday as the dollar slipped against other major currencies'
http://finance.yahoo.com

"Following a now-familiar pattern," as the homepage at Yahoo Finance currently says. Well, doesn't that say it all right there: A strong dollar should be good for America, but it's "bad" for companies who increasingly are depending upon foreign business because Americans no longer can afford and/or want to buy their stuff: "A weaker dollar makes commodities cheaper for foreign buyers and boosts profits at U.S. companies that do business overseas."

Thus reinforcing the notion that, these days, the Dow Jones Industrial Average is a contrary indicator to most lower- and middle-class Americans' economic well-being.
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daleanime Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-10-09 10:21 AM
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1. Got that right...
American Business and American workers have parted company big time.
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The2ndWheel Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-10-09 10:35 AM
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2. "You are an old man who thinks in terms of nations and peoples"
http://www.americanrhetoric.com/MovieSpeeches/moviespeechnetwork4.html

"You have meddled with the primal forces of nature, Mr. Beale, and I won't have it!! Is that clear?! You think you've merely stopped a business deal. That is not the case. The Arabs have taken billions of dollars out of this country, and now they must put it back! It is ebb and flow, tidal gravity! It is ecological balance!

You are an old man who thinks in terms of nations and peoples. There are no nations. There are no peoples. There are no Russians. There are no Arabs. There are no third worlds. There is no West. There is only one holistic system of systems, one vast and immane, interwoven, interacting, multivariate, multinational dominion of dollars. Petro-dollars, electro-dollars, multi-dollars, reichmarks, rins, rubles, pounds, and shekels.

It is the international system of currency which determines the totality of life on this planet. That is the natural order of things today. That is the atomic and subatomic and galactic structure of things today! And you have meddled with the primal forces of nature, and you will atone!"
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