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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (44689)	5/11/2003 10:40:51 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 52237

All I wrote is very true...... EZ is a worse basket case than the US. Strikes galore this week in France and then Italy and Verdi started to make strike noises in Germany. All 3 countries have deficits above 3% of GDP not to mention Portugal. The reason that the USD is falling is that the US is not interested to support the USD and a lower USD will help revive the US economy. At a time that there is fear of deflation a bit of inflation due to currency depreciation is only welcome from an economic point of view. Japan who is fighting to keep the Yen low buys now EUR's and sell Yen. EZ region had a persistent inflation above their ironclad 2% limit is welcoming (in their stupidity) a higher EUR even that it hurts their economy. The French already complained about the high level of the USD last Friday. The Germans who need to raise more debt are also welcoming the rise of the EUR as they will sell their debt at expensive exchange rates. As to the financial market ........ the monkeys at the big banks just run the trend the same way they ran the EUR from around 1.10 to close to 0.85.

To: sandeep who wrote (44689)	5/11/2003 11:14:23 PM
From: Haim R. Branisteanu	Respond to of 52237

Swedish Workers Start Country's Biggest Strike Since 1995 By Dara Doyle Stockholm, May 12 (Bloomberg) -- Swedish municipal employees started the country's biggest strike since 1995 in a bid to win pay increases for 420,000 workers, stoking investor concern that rising wages will fan inflation in the largest Nordic economy. Hospital operations have been postponed and childcare units shuttered as 47,000 staff began a two-week stoppage at midnight, the latest in a wave aimed at securing raises averaging 5.5 percent after the employers offered 3.9 percent. Swedish pay awards are already outstripping those in the dozen nations that share the euro, while inflation in March was above the Riksbank's 2 percent target for the 23rd month in 24. The bank last month held borrowing costs 1 percentage point above the euro region level as it awaits the outcome of the dispute. ``The big concern for the Riksbank is that any outsize pay settlement in the public sector could ripple over to the private sector,'' said Robert Bergqvist, an analyst at SEB Merchant Banking, who worked at the Riksbank between 1988 and 1997. ``The bank needs to see if the dispute is stepped up.'' In the euro region, pay will rise 2.8 percent this year, the European Union estimates. Wages in Sweden, one of three EU members that haven't joined European monetary union, will climb 3.9 percent this year, outpacing the euro area for the eighth year of the last decade. Swedes will vote in September on whether to adopt the euro. Sputtering growth in the euro region, where 40 percent of Swedish exports are sold, has hurt the Swedish economy. It will expand 1.1 percent this year from 1.9 percent in 2002, SEB economists forecast. quote.bloomberg.com