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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Hawkmoon who wrote (4117)	6/21/2001 2:49:00 PM
From: Chip McVickar	Read Replies (3) of 33421

Hawk, >>It could be that a deep recession might just be what the politicians in Europe are hoping for, since it would make it easier to centralize control over economic policies that most of the EU members want to control themselves.<< That's exactly what the large petroleum producers did world wide when they consolidated and formed a cartel. It's also what the natural gas distributors and utility providers have done to California. Germany wants to run the whole "scheebang" and France just doesn't want to get left behind. The rest want structural upgrades and debt relief. Nobody wants a Euro dominated by Germany...! But I believe it's very likely..., and the end result may well be a Euro dominated by German economic considerations...! Over the next 6-12 months expect a 50% retracement higher for the Euro, the dollar to come under pressure from within the Bush administation, (the ground work is already being paved by the news media), and the forward surplus to become a rapidly disappearing magic trick....! Chip

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