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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: limtex who wrote (4662)9/30/2000 10:02:18 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 65232
 
Greenspan has put Europe on the edge of recession
far more risky position for them than USA
didnt you hear the 180degree position reversal in currency?
we now support strengthening the Euro from its pathetic spot
it has worked to raise it from 84 to 88
a rate hike in USA, or continued high rates like now, either will send the Euro right back down
and maybe even test 80

sure, US firms are under pressure
European firms are under far more pressure
their import of technology from US companies is horribly expensive now
EUROPE IS IMPORTING INFLATION EVEN WHILE THEIR ECONOMY IS TEETERING ON EDGE OF RECESSION

that is why the Fed eases
thanks
/ jim