Thursday, February 03, 2005

Bush's State of the Union Message

President George W. Bush's State of the Union speech last night passed without incident in the currency markets. This is no small feat of statesmanship. With the jaundiced eyes of the world looking on for an hour, not to make waves takes a bit of skill.

Chairman Greenspan's speech on the trade balance deficit in the morning may require the nuance of a virtuoso--and he will no doubt deliver.

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