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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (23828)1/11/2004 4:24:08 AM
From: Elsewhere  Respond to of 793682
 
And that is bad news for Europe.

Really? A weak euro was bad for Europe. Now a strong euro is bad for Europe. Looks like everything is bad for Europe :)

But this is a central bank that views inflation-fighting as its only job.

More precisely: controlling monetary growth.

The question now is whether Europe will stand by and watch its own competitiveness erode.

A rising currency is an incentive to increase competitiveness.

The ball is in the ECB's court. Its inaction is regrettable.

Its inaction is professional. It's possibly the best institution Europe has.



To: LindyBill who wrote (23828)1/11/2004 8:50:51 AM
From: goldworldnet  Read Replies (1) | Respond to of 793682
 
Interesting comparison showing the disparity in the dollar trade verses the ero and other currencies. Also, some have been pessimistic about the effect of low interest rates in the US on the US stock market. The market though does not reflect this because the US has the most honest stock market in the world and the world knows it.

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