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

To: russwinter who wrote (6870)	2/3/2004 6:38:39 PM
From: Haim R. Branisteanu	Respond to of 110194

russ, take a look at EZ monetary indicators and compare them to the US - you will be surprised to learn the growth of M1, M2 and M3 in EZ (page 25/26) ecb.int From July trough November 2003 M1 increased by over 11% yoy -- speaking of printing money the FED is not alone. Now keep in mind that GDP for 2003 was close to ZERO in EZ As to the fall of the USD is not on fundamentals, as those "fundamentals" were in place a year ago with the EUR below 1 and last September when the EUR was below 1.08. It is all about US election and market mania nothing else. BTW the ECB valued the EUR at 1.17 for 2004 in it's calculation of future economic growth.