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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (3326)4/1/2004 1:36:43 PM
From: Jim Willie CB  Read Replies (2) of 116555
 
Trichet might realize talk of lower rates is more effective than actual lower rates thru cuts

once you cut, you cannot cut to that level again

KRichebacker points out that real economic growth is much less droopy in Europe than reported
and only slightly lower than the exaggerated levels of growth in the USA
take out the deceptive adjustment horseshit in the USA, and you get only a smidgeon higher growth than in the EU

US GDP in Q3 grew by about 1.1% q/q which is no big deal
thus few jobs created
EU growth was just a little below that enormous number

that could be why ECB holds the fort on interest rates
also, they dont want financial sector cancer spreading

/ jim
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