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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (45716)2/6/2004 1:49:45 AM
From: elmatador  Read Replies (1) of 74559
 
Jay, concerning G7 today:
Europe enjoyed a few years of cheaper Euro. They can't complain too much.

Now Euro going up, they need to adapt. Had the strong dollar policy not been there, firms within Eurozone would had been outsourcing with as much gusto as the US.

Now what the US is going to tell the Euros in Boca Raton could be:

1) Go yourselves persuade those Asians to revalue.

2) Do like us. Outsource to cheaper locations.
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