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To: Box-By-The-Riviera™ who wrote (3331)	7/12/2000 11:52:27 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

well, the ECB will definitely be forced to hike again. from my personal household budget observations inflation is already out of control - far higher than the official statistics intimate (what else is new). that should help the Euro, although i believe that other forces are more important than the rate differential in this case. the coming blow-up of the Euro carry trade is probably the most important event to look forward to. borrowing by overseas entities in the Euro zone has been enormous...we'll see the flow of funds reverting on rate payments alone. remember what i said on an earlier occasion, an interest rate bidding war is starting. Japan finally realizes it must stop exporting capital...if its economy is to revive, it has to try and repatriate capital. the BoJ hike will be the signal that the bubble's days are numbered.