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

To: Hawkmoon who wrote (4125)	6/22/2001 10:11:02 AM
From: Louis V. Lambrecht	Read Replies (2) \| Respond to of 33421

Hawk - OK, let's ramble. Dollar vs. Euro. True Euro dropped since inception. Historical data do not exist. So, you have to consider other currencies. DEM of FRF. And go back to 1970 to include the largest swings. Roughly, Euro still has 25% room to the downside on historucal low levels. It also has 80% room to the upside to reach all time high against the Dollar. If I were to take a decision about which currency I would like to be paid in, in 10 to 20 years from now, my choice would be obvious. Parity of USD vs. Euro has been contained in an amazing Fib ratio: 0.6 to 1.6. And please, don't buy that argument that Europe is subsidized and socialized. Sunsidies can be allowed if you collect taxes. So, in one way you pay taxes, in the other way you collect subsidies. Politicians can decide which policy they favour. Citizens elect politicians. Sometimes, politicians face a wall: nuclear energy for instance. In Germany, the green liberal party came to power with an agenda to close nuclear plants. ow, that party faces the numbers and has to produce power, and this power remains as it was. Never enter a nuclear energy discussion with a French or a Belgian: in excess of 80% of electricity, in Belgium, is nuclear. To such an extent that surplus power has to be used at night to illuminate our highways (you can't modulate or shut down a nuclear power plant at will, energy has to go somewhere). There are two spots on Earth astronauts can see with their naked eye: China's Great Wall in the day, Belgium's highways at night. Windmills, yes you can find them, but mainly in Demark. French and Dutch also use the tides. Swiss have water falls and dams. Don't generalize.