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

To: Ilaine who wrote (19027)	5/17/2002 9:58:12 AM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

>>Re: current account deficit. So many things get lumped into the current account<< Yeah, and then there's the bottom line. Yoiur doubts or qualifiers would apply if they would keep changing the structure and/or the methodology of getting at the number. But I have no reasons to suspect that. >>You seem to be a very pessimistic person. << Man, my worst fears came to being! My cover has been blown, my true me has been brought to daylight. CB, I just try to be realistic. Or not be as optimistic as quisquam, who expects PEs above 40 to be the reality of next coupla decades. Re inflation - looks like it's either inflation or deflation (or waiting for any of the two). So what's optimistic and what's pessimistic, I dont know and to be honest I dont much care. I just want to be on the right side of the road with my little CV2, when heavy traffic starts thundering in. Re inflation in Germany - what else to expect but inflation if the wage concessions were 3.4% annualized and the economy growth is (hopefully!) half that size. What one can expect (my oh my...my true pessimistic self again) is that unemployment will stay at the present record levels. Can you picture 18% unemployment in the new lands? They're not hungry, nor are they cold. Just unemployed (tough enough). This is reality, no Lolita-rosy sun glasses on my nose. dj