Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (44554)	1/12/2004 3:43:11 AM
From: EL KABONG!!!	of 74559

Hi ep, At around 1.35 or thereabouts, Germany reaches the breaking point. Italy and Spain go to maybe 1.40, and France maybe about 1.42 but no more. Great Britain might last until 1.50, but I don't think so. At some point, the Central Banks of Europe have to intervene in the currency markets to protect their own interests, vis a vis Japan. That point is likely to be somewhere under 1.50, maybe less. How much can they influence the currency markets? If Japan can be used as an example, then they (Europe) can prolong the nasties for as long as they desire, or until their own economies succumb to global currency pressures, or the US$ recovers, whichever comes first... <g> KJC

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