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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 (7427)	2/10/2004 8:12:50 AM
From: TobagoJack	Read Replies (1) \| Respond to of 110194

Hi Haim, <<movements based on "feel" not on reason>> The feeling in the market concerning the 'ought to' down direction of the USD vs the Euro may have something to do with the fact that the US central bankers brag about their ability to print with a very efficient and low cost printing press, as the US Treasury Secretary tells us that a strong money is one that is difficult to counterfeit, the US VP tells us that deficits do not matter, and the US President says 'bring it on'. Under the circumstances as described above, one can hardly fault the global investor electorates for being down on the Dollar. Sometimes the facts are right in front of us, the truth are stamped on our head, and the potential consequence is written on a little tag tied to our big toe. The obvious is exactly that, crystal clear. Chugs, Jay