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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 (7316)	2/8/2004 11:47:13 AM
From: sciAticA errAticA	Read Replies (1) \| Respond to of 110194

re: but in the process they are ruining businesses ---------- It's a short term - long term equation... If the EU follows the US down the currency devaluation rat hole, long-term ramifications will dwarf current painful potentialities. True pain is coming for all... is a holiday for Europe worth greater pain later? Or is it better to navigate the imminent storm with a currency that is perceived strong relative to its piers? Review the advantages the $'s reserve status has gifted the US over the years... Those who emerge dominant during the next secular upturn will be those with dominant currencies.