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

To: marek_wojna who wrote (5768)	7/10/2001 6:36:55 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 74559

i agree right now, but for only one reason.... i don't think the policy makers in the eurozone are trusted at the moment.. they have a two edged issue.. maintaining some form of political consensus/will/control and rising bad news in the eurozone economy.. that's a tough test ramp for a new currency.... unless, they find a hat trick! and that involves the key word, stability relative to the alternatives. there are few choices to create that, and particularly in "shock" fashion.... certainly the idea that a strong dollar is good for the zone will go away when it is realized, we're no longer buying enough to make a difference. That realization seems already about to become clear given the early warning signs on trade. conversely, if in fact the code word for this conversation is gold, a flight from most currencies would not be out of order given the state of the paper values being used everywhere at the moment.