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To: Ibexx who wrote (103041)8/20/2001 11:33:45 AM
From: marginmike  Read Replies (2) | Respond to of 152472
 
"US will be one of the first major economies climbing out of the Greenspan cinders."

Thats naive, The Europeans economicaly right now have alot more to grow on then the US. They are were we are 5 years ago, and the buildout of Infra is in the 2-3rd inning there. Here we have blatent overcapacity. They also have a much lower consumer Debt level, which will allow them to fuel their consumer's if the so chose.



To: Ibexx who wrote (103041)8/20/2001 11:43:24 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 152472
 
European money out of US stocks
into European bonds
their interest rates will drop
Euro bonds will rise also
bonds, man, bonds
back into currencies that are appreciating
into bonds because economies are still slowing
the euro currency will head toward dollar parity
and maybe overshoot, but I doubt it

yes, the Europeans are worse off
but not their currency
our dollar is overpriced and the secret is out
their economies will force rates lower
Euro bonds will shine
later, Europeans will re-enter the US stocks
at lower prices and more favorable currency translation

you sound patronizing, while you miss the point
/ jim