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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Smart_Money who wrote (88697)	6/30/2002 8:05:09 PM
From: augieboo	Read Replies (2) \| Respond to of 99280

If Germany is the "go to" economy, then I think we are on the brink of a global depression which would make the 1930's look like boom years by comparison.

To: Smart_Money who wrote (88697)	7/1/2002 1:56:31 AM
From: augieboo	Respond to of 99280

SM, here's what I meant about Germany/Europe not being the economic powerhouse going forward. Grubbed, of course. <g> To:High-Tech East who wrote (13113) From: Haim R. Branisteanu Sunday, Jun 30, 2002 9:47 PM View Replies (1) \| Respond to of 13160 Ken, if the USD stays stable or start to inch up it will confirm a bullish hammer. Further there is anecdotal evidence that the FED is not to happy with the sudden fall of the USD. From a fundamental point of view EZ is not even out of recession and may slide in a second dip as exports will falter. At 9.1% unemployment and over 2.5% budget deficits in Germany France and Italy there is not a lot of hope if exports weaken. ..... on a daily basis the EUR went parabolic since June 17 over 5.5% why to fast by any measure. In the meantime wages are rising / rose at an over 4% pace in EZ which compounds the problems for EZ exporters. In other words since April the unit cost in EZ rose by around 14% to 15% which will wipe out any profits from exports. On an adjusted basis the EUR was around 0.88 in April and now at 0.993 x 4%=1.033 or so wage adjusted. IMHO the US economy will recover faster due to the lower USD, starting with the hospitality industry. those are my 2 cents. Message 17676700