Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Alex who wrote (7924)	2/27/1998 1:12:00 AM
From: Abner Hosmer	Read Replies (1) of 116764

Alex - I'm skeptical of the Euro posing such a threat to the dollar. I think Europe is going to experience a great deal of trouble in reaching economic convergence, establishing coherent/comprehensive monetary policy, managing conflicting regional interests, enhancing productivity, and achieving solid economic growth. It would be one thing if monetary convergence led to greater competition and opened up possibilities that enhanced the use and flow of capital. More likely is that labor will dominate and seek to militate a uniformly enhanced standard of social welfare. We are already seeing this in Spain, France, and elsewhere. Maybe Europe will go to a 36 hour work week as many in France want to do, after all, the only way to create a job is to take someone else's away. This is rudimentary Social Democratonomics. Maybe they will acheive 15% unemployment instead of 12%, and negative productivity growth. Besides, how will they keep the balance of trade flowing in their direction if the Euro is strong. Did you see the charts I posted from Yardeni's website on trade balances? That is the last thing they will tolerate. Tom

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next