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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Wyätt Gwyön who wrote (3102)12/10/2003 4:29:22 PM
From: Haim R. Branisteanu  Read Replies (2) of 110194
 
It is true that currencies are rarely at their fundamental value as the commercial banks are running them in either direction to generate profits for themselves or more accurately to screw their customers.

I am long the EUR since June 2001, and I think I posted that on SI. My holdings had a 50% run plus interest so no complains there.

As I wrote about 3 months ago the EUR in the present situation should trade around 1.15 v. the USD.

The main trade deficit of the US is China SE Asia and ME countries - import of oil.

The US- EZ trade deficit is around 10% of the total US trade deficit but the EUR rose only in the last December from below 1.00 to 1.22 way above the level justified by the trade imbalance

BWDIK
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