Zany Paul

pms laflame at aaahawk.com
Sun Jun 16 21:13:24 PDT 2002


U.S. Treasury Secretary Paul O'Neill repeated his usual strong-dollar statement on Saturday, to which the market showed muted reaction.

O'Neill initially declined to comment on foreign exchange issues when asked about Bank of Japan intervention to stem the yen's advance.

"Yes, we have a strong-dollar policy. There is no change of dollar policy. We don't have an intention of changing the dollar policy -- because if I don't say it, you will interpret something different," O'Neill said.

What the hell is that supposed to mean? Are other things besides oil and gold sold globally, priced in US dollars?

http://biz.yahoo.com/rb/020616/markets_forex_1.html



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