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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: sandeep who wrote (44689)5/11/2003 10:40:51 PM
From: Haim R. Branisteanu  Read Replies (2) of 52237
 
All I wrote is very true...... EZ is a worse basket case than the US.

Strikes galore this week in France and then Italy and Verdi started to make strike noises in Germany. All 3 countries have deficits above 3% of GDP not to mention Portugal.

The reason that the USD is falling is that the US is not interested to support the USD and a lower USD will help revive the US economy.

At a time that there is fear of deflation a bit of inflation due to currency depreciation is only welcome from an economic point of view.

Japan who is fighting to keep the Yen low buys now EUR's and sell Yen. EZ region had a persistent inflation above their ironclad 2% limit is welcoming (in their stupidity) a higher EUR even that it hurts their economy.

The French already complained about the high level of the USD last Friday.

The Germans who need to raise more debt are also welcoming the rise of the EUR as they will sell their debt at expensive exchange rates.

As to the financial market ........ the monkeys at the big banks just run the trend the same way they ran the EUR from around 1.10 to close to 0.85.
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