Mish's Global Economic Trend Analysis Message Board

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

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To: CalculatedRisk who wrote (17231)	12/1/2004 1:25:39 AM
From: mishedlo	Read Replies (1) of 116555

interest rates please take a gander at these charts all very bullish except the last set There is a daily and a weekly for every currency. All June 06 interest rate futures short sterling - UK June 06 futuresource.com futuresource.com Euribor - EU June 06 futuresource.com futuresource.com Bax - Canada June 06 futuresource.com futuresource.com NZ signaled it is done tightening OZ has as well Japan at 0% and holding I Do not have future charts for those as I can not find the symbols Now take a look at the US Eurodollars - US June 06 futuresource.com futuresource.com Now, am I supposed to believe that the whole world is done hiking and will be cutting or holding but the US(and China) are going to keep hiking and the US$ is going to keep falling and gold keep rising to boot? FWIW I do not think that combination is in the stars. Something will give and what gives depends on the US consumer, US housing, or Greenspan's continual hiking. IMO, If the world starts cutting (lead by the UK, NZ, or perhaps Canada) the US is going to go on hold. If I am wrong and the US keeps hiking and others are cutting I think gold as well as housing will do a major collapse and Europe will sink into deflation. Housing is walking dead anyway IMO just begging for a catalyst. Will Greenspan provide that catalyst at the next FOMC in a couple weeks? I keep wondering about Brown's comments today on UK interest rates. He stated that even if UK housing collapses the UK might hike anyway. On that comment the pound soared today while every other currency stayed approximately even vs the US$(+1.60 or so). The pound has soared from 1.77 to 1.90 in just a couple of weeks. Huge rally. Was this an attempt by Brown to get the pound as high as possible before he starts cutting to halt the UK housing collapse? Mish

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