John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Jon Koplik who wrote (7435)	11/2/2006 5:37:06 PM
From: John Pitera	Read Replies (2) of 33421

Jon, I would not say the FED want a deflationary crash. The inflation environment is somewhat different to the 1994-95 time period. And we have to realize that the ECB, the BOJ, Bank of Japan is tilting towards higher rates and tighter liquidity. even the Bank of England, The Reserve Bank of Australia, The Swedish Monetary Authority etc have been moving rates upward due to various inflationary forces. If US short term rates are coming down against the grain of other currencies the expansion of the interest rate differential tends to translate into selling of USD and Dollar denominated assets. The USD appears to have completed it's upward correction on Oct 13th. The rally from the 83.70ish level of May 2006 seems to have run it's duration time-wise. John

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