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


To: JBTFD who wrote (514886)12/23/2003 11:33:25 AM
From: TigerPaw  Read Replies (1) | Respond to of 769670
 
Welcome, dear Traveler. Welcome home to true (classical economics-style) fundamental analysis. It doesn't get any more 'fundamental' than this.

"We would have expected the U.S. equity markets to rally with such strong economic data and corporate earnings. On the fixed income side there is disappointment. Foreigners are not investing in U.S. fixed income because of interest rate differentials," said Michael Woolfolk, currency strategist at Bank of New York. (Emphasis supplied)

Oh boy! More pressure for Brother Al to raise rates - but he CAN'T! If he does, this "recovery" will run out of the only thing that really fuels it: printed paper of the currency variety.

Message 19623511



To: JBTFD who wrote (514886)12/23/2003 1:30:30 PM
From: CYBERKEN  Read Replies (1) | Respond to of 769670
 
The foolhardy overvaluation of the Euro is based on the same long-debunked idiocy that Clinton/Rubin followed when they grossly overvalued the dollar, creating a recession and bear market that Bush has been curing ever since...