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

To: mishedlo who wrote (7226)	2/7/2004 1:51:42 PM
From: grusum	Read Replies (1) \| Respond to of 110194

thanks for your take on it Mish. (eom)

To: mishedlo who wrote (7226)	2/7/2004 2:38:27 PM
From: Haim R. Branisteanu	Read Replies (3) \| Respond to of 110194

mish there are rumors on the wires that G-7 is changing their "flexibility" definition to please Old Europe. G7 Seeks Consensus on Dollar Drop "Things have moved forward since yesterday evening," a European delegate said. "It's moving toward a clarification." reuters.com

To: mishedlo who wrote (7226)	2/7/2004 3:04:11 PM
From: BEEF JERKEY	Read Replies (1) \| Respond to of 110194

Mish: "The administration hopes its hands' off approach to the dollar's decline will produce the intended effect of boosting U.S. exports and halting the slide in factory jobs in time to be noticed during Bush's re-election effort in the fall" The Bush-ites have managed to "own" the dollars fall and make it seemed almost planned even though they probably couldn't do anything about it if they wanted. The dollar fall is a strong force that the G7 can't do much about either. How long will the Japanese continue their interventions? Canada and the US are probably on the Japanese side in that the US needs Japanese investment and Canada sees itself in the same boat as Japan. But how long can Japan spend close to 100 billion a month! The Europeans are probably proud of the Euro rise but willing to provide lip-service to a statement supporting a "stabilised" dollar. Ultimately none of this matters as the forces at work will continue to drive the dollar lower over time.