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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: KyrosL who wrote (73287)4/23/2010 5:25:20 AM
From: Haim R. Branisteanu   of 74559
 
From the Ifo data released it is obvious that the whole issue of Greece is a very helpful development for Germany France and the Benelux countries.

Their industrial base activity is back to the level before the financial crisis and exports to the BRIC countries are increasing nicely.

The US will end up the actual looser in the long term as the EU is now forced to put their house in order way before the US will be able to do it.

Long term I think that the present artificial rise of the USD is benefiting the issue of more debt but will hurt the US economy as imports will rise and exports slow and by this lowering the pace of new job creation and also lowering the increase of US tax revenues - except if WS will continue with their schemes to purloin money from other countries

As to the honesty of this administration the interview with CNBC is reflective of their thinking - the GS case got to their attention by watching CNBC!!!
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