On 1/5/06, Gruss Gott <[EMAIL PROTECTED]> wrote:
> Last year I'll score one for you Pollyannas.  So what do think, Sam,
> what will the exchange rate be on Dec 15, 2006?

I think that constantly fretting over one indicator specific or
another is pretty pointless.  Even fretting over several in
combination is somewhat pointless.  The national and international
economy is a freaking complicated thing.  Exchange rates matter
somewhat, but in the big picture they can be made irrelevant by other
things.

Watching the exchange rate for fun is one thing, so is watching it if
you are investing in currency funds or exchanges. However, watching it
and expecting that you have a full understanding of it's impact on the
economy as a whole is foolish unless you are a full time Economist
with vast information resources.

Oh... and the sky isn't falling...  :)

-Cameron

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