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To: TobagoJack who wrote (8179)2/16/2004 2:15:48 AM
From: Haim R. Branisteanu  Respond to of 110194
 
Sorry for the misunderstanding. My intention was to point out that due to the lower average age in Indian subcontinent and bigger birthrate the impact of the Indian Sub continent over time will have a " bigger" effect on world economies than China, as it relates to the present situation trumpeted by the media.

The impact will be on food and other basic commodities IMHO as people need to eat and build shelter.

In general IMHO the whole issue of China is oversimplified and overblown and there are other countries who demonstrated substantial economic growth without all the noise. -- e.g. Russia.

The main problem facing the world was and still is population growth which it seems no one really cares, It is more alarming than US twin deficit or EZ future social obligation .... or just pick any other subject.

As bad as it sound the world must address the issue of fertility and bring it down to much lower levels similar to the Western World and if I am not mistaken - China



To: TobagoJack who wrote (8179)2/16/2004 6:25:45 AM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 110194
 
Ifo's Sinn Calls on ECB to `Push' Euro Lower, Swiss Paper Says
Feb. 16 (Bloomberg) -- Hans-Werner Sinn, president of the German economic institute Ifo, said the European Central Bank should ``push'' the euro below the $1.20 level, the Swiss newspaper Tages-Anzeiger cited Sinn as saying in an interview.

``The best thing would be if we would move into the direction of $1.10 again,'' the paper quoted Sinn as saying in its Saturday edition. Sinn also said that if the euro would rise above $1.30, the economic institute would see it necessary to revise its growth forecast for the German economy.

Sinn said there is a 50 percent chance that Ifo will lower its economic growth forecast of 1.8 percent for Germany because of the strong euro.

``It could come better, that Germany will profit from the global economic rebound better than we expected. But, of course, the euro exchanged rate is a substantial risk,'' Sinn said.

quote.bloomberg.com