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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Earlie who wrote (141012)12/31/2001 3:34:42 PM
From: Haim R. Branisteanu  Read Replies (2) of 436258
 
This morning was a chit chat on CNBS Europe, their motto was that the world economies will recover slowly this year, but European equities are relatively cheaper than the US equities and therefore the mighty dollar may give way to the € (Euro). The Euro euphoria hit another high (I think) and many already speak about a 5% appreciation by March.

As to the real economic picture I do not see any bright spots and I sense that both Europe and the US spend all they can this year.

BWDIK
Haim
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