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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Jim Willie CB who wrote (5588)	1/20/2004 3:32:02 PM
From: Haim R. Branisteanu	Read Replies (1) of 110194

Jim, the last few days have proved who is interested in a lower USD v. EUR - it is the US. On Jan 19 a holiday in the US the EUR barrely moved between 1.2330 to 1.2380. Only when the US came on line the EUR exploded to the upside - is was all US selling of the USD, not the Europeans or Asians selling the USD. TO me this explains one simple reason and it is call election. Bush has nothing else than he can use to improve the economy and generate more jobs but the FX. At close to 90 billion trade deficit with EZ cutting it by half would generate around 1 million low level jobs (at 50K a year) and Bush will be re-elected - just as simple ON the other hand the Europeans who are so pround of a high valued EURO will loose those 1 million jobs and drift into a close to recession environment from a slow recovery Germany France and Italy have around 1% more unemployed people or around 11.5% of work forece if the EUR will not receed

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