[Mb-civic] The Euro Sees Red

[michael at intrafi.com]

This story was sent to you by: michael butler

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The Euro Sees Red 
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November 15 2004

Wall Street has rallied since George W. Bush painted the country red, led by the stocks of defense contractors, pharmaceutical companies and insurance peddlers that expect to benefit from four more years. But Bush hasn't fared so well in what we might call — with a nod to the vanquished John F. Kerry — the global test. In what amounts to a vote of no confidence in the U.S. economy, the dollar has faded against the euro and the yen on fears that a second Bush administration will continue to do to the nation what the first did — hobble it with a lot more debt. 

The complete article can be viewed at:
http://www.latimes.com/news/opinion/editorials/la-ed-dollar15nov15,1,655659.story?coll=la-news-comment-editorials 

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