Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Taikun who wrote (56456)	11/25/2004 5:12:25 AM
From: elmatador	Read Replies (1) of 74559

TK, all countries involved have run their numbers and they have mapped the steps they will take along the way. I suspect the pain level is about USD1.35/€ and JPY100/USD. Reaching this level countries will take action. But only if they see the level as stabilizing there. Lets say it reaches this level and tend to stay there. Floating currencies by then will have estabished ther own level. Problem are pegged currencies. The first step is. Parole. Just try to talk the USD up and Euro and JPY down. This stage has gone. Second step: Then they get together and try to come to an agreement. Wasting their time on the seocnd one since the cartel of currencies resulted form Bretton Woods Agreement is long long gone. Which means we won't see a Plaza Accordt type of result. Third step: They review thier numers and wait and see. This is the step we are in. Pause for breath, for the next six weeks due to end of the year season. More disgesting of Bush's 'spending of his 'politica capital' Fourth step: Starts first week of January. Add to that that by then the numbers come out on how the seaosn sales developed. It will be an interesting begin of an year.

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