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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Chip McVickar who wrote (1491)	5/3/2000 3:14:00 PM
From: John Pitera	Read Replies (1) of 33421

Lot's of uncertainty especially in the currency markets. Since the Euro is plunging and money could leave the Japan -ese postal system... where will it go Blame Canada,Blame Canada ........ the global economy is reading better than a good mystery novel. --------------- ----03:30 ET 30-year: -6/32..6.025%....$-¾: 108.54....Euro-$: 0.9020 The exchange rate is the biggest stabiliser of world growth. The strength of the US economy (and size of its trade deficit) versus Japan and Europe is being reflected in the currency. At some point the euro and yen will reach sufficient equilibrium to provoke a more meaningful convergence of growth between G-3. In other words, the exchange rate is the biggest stabiliser of world growth. The strong dollar will eventually get punctured when the surfeit of dollars on the open market can no longer find a home...more---

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