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

To: BEEF JERKEY who wrote (7405)	2/8/2004 10:56:21 PM
From: mishedlo	Respond to of 110194

I don't think the Europeans, or Americans care if the dollar slides longer term. Japan and Canada on the other hand would like to see a stronger dollar. Nobody cares about them though. Japan is a toasted bagholder who better learn how to export more to Europe and Canada will have to adjust quickly. Canada has a fairly diversified economy, should do OK long term. 1)Europe very much cares or they would not be bitching and threatening interventions. As soon as they care enough they will cut. Perhaps they are stupid enough to try intervention first. If their recovery stalls they will be forced to cut whether or not the Euro is making new highs. Two chances to win on this one. Which one happens first? 2)Obviously Japan cares more cause they are already intervening. Obviously Japan can not cut. That is what happens when you are the first in the mad race to 0% interest rates. ggg 3)Canada did not care but does now, as evidenced by a rate cut. I expect another soon. 4)Australia, NZ, and the UK have other problems but NZ is showing signs of caring. 5)China will do whatever it wants and right now they seem happy pegging to the US$. 6)Quite obviously the US is happy with a steady decline against Europe, but for some reason is stupid enough to think that if China floats the US can save some jobs here. Quite preposterous really. M