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

To: Louis V. Lambrecht who wrote (7342)	2/8/2004 12:51:18 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 110194

Louis, my point is that there is need of cooperation as your table shows. Business must spend unnecessary funds to hedge it's exports. Swings in excess of 1% to 2% within a month hurt international trade, not to mention 1% to 2% in a day or week. IMHO governments must agree on FX policies and intervene in markets and stabilize the flow of funds. Not let currencies at the mercy of the big money center banks who act mostly in concert in currency markets Gradual changes to adjust imbalances are 1% a month and not irrational changes of over 1% a day. The UDX was pushed by the Clinton administration to 120 and it was wrong. Doing the opposite at the same speed does not make it better. The world economies are in trouble and work slowly their way out. FX swing do not help a weak economy. Therefore the Europe should cooperate with the US and vice versa. Unfortunate they are not.