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

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To: mishedlo who wrote (4577)1/8/2004 5:08:37 PM
From: Haim R. Branisteanu  Read Replies (2) of 110194
 
mish there is a financial war going on between EZ and the US.

Germany and I assume also France manufacturers are hurting because of the high EUR, on the other side the US wants by force to generate more employment and slow the drain of jobs to Asia.

EZ is in the same situation - no jobs

The US increasing it's budget deficit to try to create jobs and wants EZ to recycle their trade surplus UDS into US gov. and agency debt.

That is the game now - US is devaluing the USD against the EUR until France Germany et- all will start buying our treasuries and hold on to them.

On the other hand EZ and more so France are trying to make the EUR a reserve currency so that outsider will finance their budget deficits........... this was obvious from today's Trichet statement ..... a guy that should sitting in jail and not chair the ECB
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