View single post by e.avery
 Posted: Thu Apr 24th, 2008 07:23 pm
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e.avery



Joined: Tue Apr 4th, 2006
Location: Kentucky USA
Posts: 2722
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 As far as imploding I doubt it will happen as before that was due to market pressures of a different sort.  Let the dollar stay where it is and the Chinese will be thinking about decoupling form the dollar and so will Saudi Arabia. The bonds that we sold China are a hole different issue. 

As far the drop it really does not matter all that much due the fact of the gains and the fat in the watch industry even in Switzerland is to high.  I do not think that the Chinese are about to pass up Omega or the other brands that The Swatch Group are trying to protect, and raise the prestige of.

The drop is due to a combination of week dollar, also the drop in the production of Swiss movements, people holding onto the movements so that they have them for the new production released in Basel, and etc.