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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: SouthFloridaGuy who wrote (1642)1/3/2001 10:00:36 PM
From: Hawkmoon  Read Replies (1) of 74559
 
Not yet... I still can't see how 33% of the world economy can go into recession without causing tremendous difficulty for other economies.

Besides, the USD surged on the news of that rate cut.. Isnt' that somewhat odd?

charts.quotewatch.com

futures.tradingcharts.com

Maybe it's just a dead-cat bounce on the USD, or distribution on long Euro positions for the short-term traders.

futures.tradingcharts.com

futures.tradingcharts.com

And maybe it will reverse itself down the road to where the Euro does go past parity..

Call be a pessimist, or just onery on the issue, but I don't think Europe has what it takes quite yet to exceed the US.

Either way, Japan is toast for awhile, and the US will have at least a couple of tough quarter ahead of it.

But a weaker dollar will bode well for US exports, so it isn't all bad.

(but I know.. y'all are frettin' about US personal debt).

Regards,

Ron
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