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

To: elmatador who wrote (18642)	5/4/2002 6:44:14 AM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hi Elmat, <<Euros have done what they should … Sweden, UK and Denmark will be joining … In about five years DMs, Liras and French Franks will be part of the history books ... in about four years, Czech Republic, Slovakia, Poland, Slovenia and Hungary will be part of the EU ... Lots of infrastructure projects going on to keep Euroland's industry humming along … Euroland at that size will be a credible contender for the US. Hence the script for the next five years is already written>> Precisely, and that is certainly the script, and only the script. The only guarantee of the script playing out harmoniously to its intended finale is if the US joins the Euro. But the politicians lack the kind of imagination necessary and the democracy lack the required freedom to do the logical the easy way. <<Japan having exhausted its rollover strategy of exporting industry, can only hope not be 'Argentinized'. And keep wondering what is going to be of Japan once China 'arrives'?>> Squish, and splat, presumably, for their degrees of freedom is progressively narrowed down to one, namely down, and down again, once more. Perhaps I am too harsh, and I do witness their currency appreciating, due, to paraphrase O’Neil, ‘international investors prefer to invest in Japan’. I forgot, the Japanese are the international investors:0) <<The US can't do the same Euro countries>> Well, you are not quite right, because the US do not have to create a Euro type kingdom, and is in fact trying to hold their existing global virtual New Ec empire together. We are witnessing new history playing out in an old way. Step back a few thousand miles and look again at the big picture. See it:0? <<George Bush Sr. had an idea of creating an economic might that would encompass from Alaska to Tierra del Fuego>> This is one possible end-game, as all the rest of the hilltops are given up and foxholes abandoned, if they are. <<US and those South Americans don't have what it takes to make it happen>> It is happening now, you said so yourself, bit by bit, immigrant by immigrant, house by house, according to some Le Pen types, and proven so by the census. Chugs, Jay

To: elmatador who wrote (18642)	5/4/2002 4:27:32 PM
From: smolejv@gmx.net	Respond to of 74559

>>In about five years DMs, Liras and French Franks will be part of the history books<< they're all history since the beginning of this year, also for the broad public. Like, if you happen to have some DMarks from your last visit here, you're sort of in bad luck - you'll have to go some official state bank (not your bank on the corner) and have them exchanged - there must be one in Munich, I am sure, but I dont know (and dont care anymore) which one. >>About the same time, i.e., in about four years<< Correction, to the best of my knowledge it's 2004. >>Hence the script for the next five years is already written<< well, the script IS written - actually it's midterm period 2000-2006, see for instance europa.eu.int Its up to the players now... dj