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

To: TobagoJack who wrote (34398)	5/27/2003 3:24:36 AM
From: elmatador	Respond to of 74559

Euro1.50 as forcing the structural reforms was my bet too. Wife coming via Paris and will face strike of French flight controllers. Advised here to come over Johannesbourg and by pass Paris. Point is: Euro at around 1.2 makes the people still use the old weapon to force governments to keep doing the same. hence the protests on all cities (in fact started more than six months ago in France, Germany, Italy and England. It is only going to get more frequent. Un till (when Euro reaches 1.50) it downs in anyone that this time is for real.

To: TobagoJack who wrote (34398)	5/27/2003 9:27:45 PM
From: AC Flyer	Read Replies (2) \| Respond to of 74559

<<<<Bush ... "We believe the more money people have in their pockets, the more likely it is somebody is going to be able to find work in America." (NY Times)>>>> <<What kind of money, the stuff hot off the printing press, or the substance out of folks savings accounts;0?>> The kind you get from tax cuts, Jay, from tax cuts. GWB was referring to his eminently sensible budget. "I am in favor of cutting taxes at any time, in any way, in any form.".....Milton Friedman, Nobel laureate Spare us the inevitable money-under-the-mattress homily in response please, Jay. The USA has boatloads of liquidity. This party goes on until we reach a secular inflection point in private consumption, a la Japan, at the end of this decade.