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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (7759)2/11/2004 5:16:26 PM
From: Louis V. Lambrecht  Read Replies (1) of 110194
 
You haven't checked the link: the Euro is at the level of 1995-1997 weighting.
The Euro is not high, the Dollar is low.
Low Dollar (I posted this before) is the way the US will face the debt.

FWIW: there is a difference between real interest rates and "uffucial" repo rates.
In Europe, while repo rate is at 2%, mortgages are negociated the 10-YR note, 4.5%.

Don't get me wrong, I applaud your short term trades on the Eurodollar.
Beeing dyslexic, I never could apprehend the change of base currencies in currency trades, let be interest rates to moves inversly to bond prices. A real nightmare. <ng>
So, I can understand your contrarian approach to the interest market.
Is it a contrarian approach?

FWIW: my bank increased the debit interest rate last December: a sure sign of cutting?

FWIW: this Summer, the EU will welcome 10 new members (on inflation spree). Is this a time to cut rates? To please 6.5% of GDP US exporters?
Btw: 11% of GDP are inports: these will be hurt, not the exporters.
Haven't seen this in the US media.

New members will not be part of the Euro, but "old Europe" will have to subsidize those new countries. This is known. And tho, the Euro is rising?

Just 2 cents.
As I said, I am both contrarian and dyslexic.
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