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Strategies & Market Trends : Strictly: Drilling II
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To: A Horse With No Name who wrote (29991)3/30/2003 1:28:19 PM
From: Frank Pembleton  Read Replies (2) of 36161
 
I don't quite understand the part where the writer states that OPEC's switch from the dollar to the euro would be a heavy blow to the U.S. economy. The Americans now have a huge current account deficit because of the strength of the dollar; --ultimately this should result in a weaker currency to even out trade imbalances.

IMO, if demand for the euro continues to strengthen-- kiss the heavily unionized European (German?) industrials good bye.

Regards,
Frank P.
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