To: GUSTAVE JAEGER who wrote (38 ) 5/20/2003 10:48:56 AM From: Ahda Read Replies (1) | Respond to Indeed, the SARS hysteria has conveniently choked the Chinese powerhouse (GDP growth trimmed by a full 1%) and the euro boost against the USD is but a financial trick to SIMULATE growth in Europe! In three months the euro rose by about 20% --from 0.96 USD to 1.17 USD. That means a 20% growth for US exporters in their European market(s) --as they convert their euros into dollars. At least, part of the 20% growth in the exchange rate will trickle down to consumer-oriented businesses: US-made computers, cars, software, garments,... are cheaper for European buyers. At the B-to-B level, it might not play out as favorably though since the rise of the euro hampers corporate Europe's competitiveness... Yet, the Bilderberg scheme assumes that an exchange-rate-triggered growth will induce a REAL trade growth between Europe and America and, subsequently, narrow the gap with the Transpacific trade. Well if this group exists in a form that attempts to destroy Asia as it looks to me like they have botched it. Our import as well as export figures here in the US have been reduced. This totally cancels out the theory of lower dollar benefit at least this month.
