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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: zbyslaw owczarczyk who wrote (1125)12/2/2000 11:02:47 PM
From: Box-By-The-Riviera™  Respond to of 74559
 
according to some who know market history better than I....the europeans are always last to invest here (the top) and they will get stuck with a double whammy as the dollar continues to fall...made worse if they begin to repatriate their funds..... a major rock and hard place scenerio.....also euro weakness was compounded not purely by investment dollars into the US market....but perhaps more importantly the dollar price they pay for inflated oil and the multi-billions needed for quite a number of mergers taking place this year..... dollar demand period, was strong everywhere in a number of universal ways......relative to the euro. however....social reform on a number of levels and moves to streamline commerce across the euroland are slowly making it easier to do business and grow business in the euro environment.....and i sense, the european central bankers if not the rioting populace (over gas prices) can no longer afford a weak euro.....as we've seen it. my regards to Heinz Blasnik who really has a fantastic handle on this subject.

as to boosting corp earnings.... i suspect that will be a very mixed bag result particularly if demand on the technology front continues to be sluggish as we have certainly seen in the software sector in europe.... on the other hand....true multinationals one might think would benefit as you say under "normal" business conditions..... i could not say what to expect if the melt is going to be world wide....which indeed that looks more and more likely given reports out of asia, latin america etc etc..... guess we'll know in the coming qtrs soon enough.

J