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


To: Knighty Tin who wrote (7572)2/10/2004 1:50:08 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 110194
 
maybe our intrepid troops will invade OPEC

this is a huge issue, pricing in euros
totally dismissed as irrelevant even by some financial experts
they vastly underestimate the ancillary damage
pricing in euros and keeping it fixed in a tight range,
while the USDollar goes from 127 to 150 in euro,
that means crude goes up 20% in price, and hits $40/bbl

who are we kidding?
I expect the Dollar/JYen to hit 80 by mid-2005 (now 105+)
I expect the Euro/Dollar to hit 180 by mid-2005 (now 127)
the sky is the limit during the upcoming trash party
USDOLLAR MONETARY CRISIS within 2 years

I would say that might cause some wooden clogs to be tossed into the great USEconomic recovery machinery works

trivia: sabotage (sabot is french for wooden shoe, tossed into new industrial revolution machinery by angry displaced dissidents who lost their jobs)
/ jim