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

To: Haim R. Branisteanu who wrote (4748)	1/11/2004 7:12:05 AM
From: Haim R. Branisteanu	Read Replies (3) \| Respond to of 110194

G-10 Central Bankers May Discuss Dollar Weakness, Recovery Jan. 11 (Bloomberg) -- The Group of 10 forum of central bankers, meeting in Basel, Switzerland, may signal concern that the U.S. dollar's decline against the euro and the yen threatens recoveries in the dozen euro nations and Japan. ``Central bankers will certainly say that they won't accept a free fall of the dollar -- that's in nobody's interest,'' said Janwillem Acket, chief economist at Julius Baer Holding AG in Zurich. ``The situation isn't alarming yet, though.'' The dollar has lost about a fifth of its value against the euro and a 10th against the yen in the past year, making European and Japanese goods more expensive in the world's largest economy. Exports have kept the economies of the euro region and Japan growing at a time when consumer spending stagnated. .......... and merry times for German Banks WestLB Declines to Comment on Report It May Have Lost Money Jan. 10 (Bloomberg) -- WestLB AG, Germany's third-biggest state-owned bank by assets, declined to comment on a magazine report that it may have lost as much as 2.3 billion euros ($3 billion) last year. ``I can't comment on this,'' said WestLB spokesman Michael Wilde in a telephone interview. ``The annual accounts haven't been completed yet.'' In a best case scenario, WestLB will report a 1.5 billion euro loss, Focus magazine said, citing an unidentified member of the bank's supervisory board. The loss could rise to 2.3 billion euros if WestLB writes down investments ``beautified'' over past years, Focus cited the person as saying.

To: Haim R. Branisteanu who wrote (4748)	1/11/2004 7:59:10 AM
From: Square_Dealings	Read Replies (1) \| Respond to of 110194

A reversal wont happen in the dollar until you see foreign companies purchasing U.S. assets like banks and real estate probably for pennies on the dollar or at least at significant discounts to their current prices. Maybe 4 or 5 years from now. Meanwhile you can continue complaining about how strong the Euro is. Even the friggen Mexican peso is gaining against the dollar here. If former Secy. W. O'Niel's charges that Bush planned the Iraq attack from day one, then the epitaph is written for the dollar.