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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (4074)6/13/2001 11:22:19 PM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
A possible positive for the Euro from Briefing.

Have not heard any specific mention of it today, but a comment last night on CNBC from esteemed global advisor Richard Medley did catch our attention. Medley noted that he has heard speculation that there is already a movement underway to adjust the ECB's policy mandate to focus on growth as well as price stability. While such a change may be a ways away, the fact that Europeans seem to understand the flawed nature of the mantra is at least some semblance of a euro positive.



To: John Pitera who wrote (4074)6/15/2001 3:21:15 AM
From: Raymond Duray  Read Replies (1) | Respond to of 33421
 
Well there's a real straightforward issue that is being dealt with in Europe that we aren't facing really well in the USahsoo.

About the only good thing that came out of the bill was the decision by the ruling coalition not to cave in to the wishes of the Communists, who were actually seeking a ban of layoffs at any profitable companies.

Compare this to the American system:
fortune.com

About the only thing I can say, is that that I'm not part of the 10,000 or so privileged Americans who get this bennie, so I think I might want to move back to Europe where life is more fair.

-Ray