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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Haim R. Branisteanu who wrote (1613)	10/24/2003 12:39:01 PM
From: ild	Read Replies (2) of 110194

More from Heinz Date: Fri Oct 24 2003 11:56 trotsky (Apollo, 10:11) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved well, that's another point of course...the budget deficits of France and Germany are far lower as a percentage of GDP than the current US budget deficit, and the Euro also has the interest rate differential in its favor. however, i think the deficits are the least important thing here...the trade surplus , the rate differential and the ECBs narrow mandate are surely more important. after all, Japan's huge deficit doesn't prevent the Yen from being a strong currency.

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