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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (8032)2/13/2004 2:22:45 PM
From: Haim R. Branisteanu   of 110194
 
stock markets are way overvalued and it seems to me that the FED may be forced to raise rates or the ECB to lower rates or start active intervention.

The volatility in FX market contradicted any reason and hurt quite badly the manufacturing and import/export sector around the Atlantic.

Business has difficulties to deal with day to day issues including competition wild moves in FX markets kills a substantial amount of corporate profits.
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