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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (13079)	8/23/2000 12:13:24 AM
From: Ken98	Read Replies (1) \| Respond to of 436258

<<Europe’s Coming Crisis 0010 GMT, 000823 The European Central Bank, which controls Europe’s monetary policy, will soon raise interest rates, not to counter rising European inflation, but instead to counter rising German inflation. European inflation topped 2.4 percent in July – well over the 2.0 percent ceiling established in the 1992 Maastricht Treaty. However, it was just this month that German inflation hit the 2.0 percent mark. While this may be prudent policy now, it will cause significant tensions across a growing union as Europe’s periphery becomes numerically larger and politically more powerful. According to the Maastricht Treaty, when Europe’s inflation rate breaches the 2 percent barrier, the ECB should raise interest rates to make credit more expensive. Tightening credit puts the brakes on economic growth, which in turn brings inflation under control. But Europe’s overall inflation broke the 2 percent barrier in June, not July, and the ECB declined to raise rates. That’s because Germany, out of economic necessity, ignored Economic and Monetary Union (EMU) requirements. The more developed core economies of France, Germany and the Low Countries grow more slowly than the smaller, poorer countries of Europe’s periphery, such as Ireland, Portugal and Spain. Consequently, the poorer economies need lower interest rates, which provide cheaper capital needed to grow.>> stratfor.com

To: pater tenebrarum who wrote (13079)	8/23/2000 3:02:19 AM
From: IceShark	Read Replies (1) \| Respond to of 436258

well, we do have that snuff chewing guy that spits on our floor now and then. -g- Not sure what he is thinking at the moment though.

To: pater tenebrarum who wrote (13079)	8/23/2000 8:54:21 AM
From: Terry Whitman	Read Replies (2) \| Respond to of 436258

> bulls can always be wrong - no-one will ever complain. but bears get the boot.... < There was some shagging Strong fund dumb on bubblevision last evening. They showed his 3 picks from his visit the previous month. I kid you not- they were already down major. I believe 25-30% on average. If you had acted on this professional fool's advice you would have lost 1/3 of your savings in A MONTH! It's really been a pretty easy last month to make money in on the long side. What a shagging joke these mutual funds are. <ng> Think N has safely bounced off the 50dma?