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 (46600)	2/16/2006 8:35:50 PM
From: arun gera	Read Replies (2) of 116555

>Iran is trying to make a political statement but that political statement really has little if any economic affect. From a trade perspective it is just too little to matter even IF (which I doubt) it affects real shifts by anyone out of US$ into euros.> Mish, It may be a political statement, but it is a political statement that could be imitated by other OPEC countries, bringing legitimacy to Euro. Euro economy is as big as US economy, and can be as vibrant as the mix of cheap educated labor from East Europe mixes with more knowldge intensive and advanced Western Europe. Euro itself is a political statement on behalf of many countries in Europe. Note how much the US ally in the Iraq war - UK has resisted the Euro. Dollar has not had a rival for a long time. Yen is not a true example, as Japan relies on US protection, and is not truly independent. -Arun

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