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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (80585)	5/11/2000 8:24:00 PM
From: Tommaso	Read Replies (2) \| Respond to of 132070

You may be wrong but your reasons are the best I have read. Another 50 basis points would continue the strength of the dollar against the Euro (undeserved, probably?). If you have a paper currrency, though, you have to defend it with high interest rates and the European countries just are not doing that yet. High enough interest rates can take the place of gold, if you guarantee that whoever holds the currency will have that much more of it a year ahead.

To: Freedom Fighter who wrote (80585)	5/16/2000 9:00:00 PM
From: Don Lloyd	Read Replies (3) \| Respond to of 132070

Wayne - [[[ Skeeter, >>no way alan.com raises 50 bp. no way!<< There's a zero chance (or close) of a 50bp rise. The Euro is under a lot of pressure and the ECB only raised rates 25bp a few weeks ago. The two central banks have been coordinating their interest rate moves since the rate hikes started. The ECB failed to raise rates today so I think it's a done deal that the fed will raise only 25 bp. Otherwise "perceptions" are that the Euro will come under even more pressure. The Europeans are still talking about a strong Euro so unless they are totally full of it (a good possiblity)....]]] Deal undone? -g- Regards, Don