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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (11324)	5/21/2003 6:52:41 PM
From: Louis V. Lambrecht	Read Replies (2) \| Respond to of 39344

Short the Eurodollar. AFAIK, everyone and their cats are expecting lower interest rates in Euroland. Good enough for me to take the other side. If you exclude the German exporters, I can't imagine a sector or country in Euroland wanting lower interest rates. Heck! 2.5% Impex between USzone and Eurozone amounts to about 15% of GDP. Large marginal numbers in Dollars, but some shrinking wouldn't hurt any side. OTOH, short positions in Eurodollar can be the sign of an expected catch-up of US short term interests. And, AFAIK, increased money supply creates inflation, not the opposite. Hard to reconciliate with the longwaves Winter. Inverting yield curve again?