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: mishedlo who wrote (30516)	5/20/2005 8:29:16 PM
From: Haim R. Branisteanu	Read Replies (2) of 116555

This should be inflationary for the US and beneficiary for the EU IMHO. As EU will import more form CEE countries and CIS which have a slight higher cost structure than China which is pegged to the USD. All in all with no wage growth and even unemployments slightly rising and the RE bubble it will not bode well for the US - less money in consumer hands and something has to give - as this measure will not generate US jobs but CEE jobs affiliated with the EZ .... and proceeds recycled in the EZ not US ..... but FX monkey's bought the USD any way

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