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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Paul Berliner who wrote (3046)	3/9/2001 3:41:38 PM
From: Robert Douglas	of 3536

Interesting call Paul. I'll give it a looksee. This thread had discussed, a while back, the tax measures put in place in Europe. A recent article in the Economist puts the tax cuts in the euro area at .6% of GDP. This would be the equivalent of the U.S. cutting rates by over $60 billion annually, not a bad stimulus. The article also points out that the euro area is far less likely to suffer a slowdown because "household savings in Europe have remained fairly high and private sector borrowing has been relatively modest." This bodes extremely well for the euro v. the dollar, IMO.

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