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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: Hawkmoon who wrote (2791)1/1/2001 7:22:19 PM
From: Robert Douglas  Read Replies (1) of 3536
 
Ron,

That's how it went for the US back in the early '80s

I think the problems that the U.S. faced in the late 70s and early 80s were much greater than Europe faces today. And look what we were able to do.

That's the comparison that I've been making for some time now - that Europe was about to embark on a period of growth similar to the 80s and 90s in the United States.

With unemployment so high, it will be easy for Euope's growth to be higher than the U.S.'s for years to come. With inflation low, and unemployment high, there will be no reason for governments to refrain from stimulus. In fact, I think there will be a race of sorts to gun their economies.
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