Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: smolejv@gmx.net who wrote (3046)	4/16/2001 4:09:52 PM
From: Yaacov	Read Replies (1) of 74559

curious post!!! I believe the author has ignored one factor: Euro is politicized currency, unproven and unseen by the people in Europe. It is sort of a virtual money, and virtual money gets no respect! That makes ECB a virtual bank, with no autonomy, and no independence. Its Chairman has to dance to the tune of various members, that are not equal but act as they are! I live and conduct business both in Europe and the United States. I believe the Euro will fall further against US Dollar, regardless of crisis in the US Equity market. Just look at the past year, there is a slow down in the US and we still have Euro loosing against the USD! As for Brits, who can blame them. They have a good currency and good economy, they will not give it up for fistful of flies.

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