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Politics : Stockman Scott's Political Debate Porch
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To: stockman_scott who wrote (66617)11/10/2004 1:45:03 PM
From: Jim Willie CB  Read Replies (3) of 89467
 
euro cannot do most of the currency adjustment
they are doing most of the heavy lifting

from summer 2002, euro up over 50-53%
from summer 2002, yen up only 12-14%

EU will be screaming for yen appreciation soon

here is my bet...

CHINA WILL BE BUYING THE JYEN UP
so that they can push up the yuan-US$ peg
and make their imported materials cheaper

/ jim
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