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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (412016)6/6/2003 6:34:17 AM
From: JDN  Read Replies (1) | Respond to of 769670
 
Monetary policy is so complicate on a Global scale its difficult to be precise in any forecast. However, I think foreigners buy bonds of other nations as a safety net (besides for political purposes)thus I dont think yield is nearly as important as currency strength. Currency strength is also very complicated and based on many factors some not even economic such as the faith of the stability of the Government. I take a rather simplistic view, I merely look at the ECONOMIC ENGINE of the country. As a single nation no one would disagree that USA is the most powerful economic engine on Earth, how the Europeans will stack up as a group remains to be seen. Personally, I think because of their trade unions, work laws etc etc they will fail to match us. Thus in the long run lets compare the $ to the Euro and see what happens. Right now its what about 1.21 dollar to the Euro? Check in a year from now, I am guessing they will be at parity. jdn