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

To: TobagoJack who wrote (21255)	7/15/2002 12:36:55 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 74559

Jay what is "phuckall" ??

To: TobagoJack who wrote (21255)	7/15/2002 11:17:33 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 74559

One thing I found interesting with regard to the EUR is the steady and almost unabated rise from around April 15 to today. Also interesting to note is the fact that at the time the Saudis were visiting Shrub at his TX ranch. Today some one posted that CNBS Europe indicated that the arabs are big sellers of USD and buyers of EUR to avoid being tracked by the US government as to the use of the funds including financing of terrorist activities. Well I am not a big fan of conspiracies but Iraq announced long ago that they will not trade in USD and will switch to EUR. The sudden rise of the EUR around 28% since April, does not make any sense for Europe as it will hamper their exports and the US will recover much faster than the EZ. As such I am still puzzled by whose intention is to run the EUR to today levels so fast, it does not make any sense from an economic point of view and if it is only "ego" driven by EZ technocrats then they really are clueless. At 9.1% unemployment sluggish recovery and over 2.5% budget deficits the worst that can happen to country is an accelerated appreciation of their currency.