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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (4526)1/7/2004 12:36:39 PM
From: mishedlo  Read Replies (2) | Respond to of 110194
 
Yet another Snow Job.
Look at this shit!
(BTW eurodollar futures did not believe it, they did not budge)

cbs.marketwatch.com{B83A464A-97DC-416A-883F-41FACD00B16C}&siteid=bigcharts&dist=bigcharts&

U.S. has turned corner - Snow
Signs point to economy on sustainable growth path
By Greg Robb, CBS.MarketWatch.com
Last Update: 11:41 AM ET Jan. 7, 2004

WASHINGTON (CBS.MW) - After a series of fits and starts, the U.S. economy may finally be on a sustainable growth path, said Treasury Secretary John Snow.

Recent economic indicators, including the purchasing managers index in December and a steady drop in weekly jobless claims, "suggest a sustainable economic recovery," Snow said in a speech to the U.S. Chamber of Commerce



To: Jim Willie CB who wrote (4526)1/8/2004 1:35:18 PM
From: Haim R. Branisteanu  Respond to of 110194
 
The EUR rises because there is no intervention like in the JPY.

From all I read the ECB are more after pride than business. In their mind if the EUR will be strong enough then it will change the USD as reserve currency, but in the process they are ruining the industrial base in EZ the same way Rubin has done it under Clinton in the US.

Trichet is/was involved in to many dirty affairs in France and avoided jail by political pressure -- in the US he would not even be a candidate for the FED let alone chairman

"Europa steckt in einer ernsten Krise"
Bundesbank-Vizepräsident Jürgen Stark über den Stabilitätspakt, das Scheitern der EU-Verfassung und die Folgen der Euro-Aufwertung
von Das Gespräch führte Anja Struve

DIE WELT: Die US-Notenbank hält das Risiko einer Dollar-Krise für gering. Teilen Sie diese Ansicht?

Jürgen Stark: Ich halte es für verfrüht, Krisen auszuschließen oder über die Wahrscheinlichkeit einer Krise zu spekulieren. Wir befinden uns mitten in einem weltweiten Anpassungsprozess, in dessen Mittelpunkt das Leistungsbilanzdefizit der USA steht. Es wäre das Beste für die Weltwirtschaft, wenn diese Anpassung schrittweise und geordnet erfolgen würde
welt.de