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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: KZAP who wrote (2882)	1/5/2001 10:43:25 AM
From: Hawkmoon	Read Replies (1) of 3536

Interesting article that John Pitera posted: Message 15111598 I especially found this paragraph important to validating my view that a US slowdown would seriously hinder the entire global economy. Such a slowdown would negate the value in looking to Europe as the engine of economic growth, and thus, the Euro as an instrument of appreciation: "The message is that there is not only a decline in domestic demand -- foreign demand also appears to be flagging. The global economy has been fortunate in recent years that demand weakness has tended to be isolated in specific regions, with the US always carrying the growth banner. But as 2001 begins, weakness appears to be global in nature."

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