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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (61)	2/16/2004 2:35:00 PM
From: mishedlo	Respond to of 116555

Great post Chispas! thisismoney.com Japan fears ECB euro intervention JAPANESE equities traded nervously today as market watchers tried to decide which way the wind was blowing on the crucial foreign exchanges. As many exporters lost ground amid fears about a stronger yen, a senior policymaker in Tokyo defended the Asian State's record dollar-buying interventions. And, critically, speculation mounted that the European Central Bank - guardian of the single currency - may now be poised to step in to the forex markets itself to try to restrain the buoyant euro. ======================================================================== OK let me see if I have this straight. 1) Japan thinks it is OK for Japan to intervene but not Europe. 2) Japan wants the YEN to drop against the US$ but is OK with where it is with the EURO, or more likely is worried that if the EURO drops, taht Europe will steal auto market share from Japan. 3) Europe wants the Euro to drop against the US$ but is not counterbitching about the YEN, at least yet. 4) The US wants a weak dollar except against China who does not float. 5) China is aparently content enough to be in bed with the US and this seems to piss off just about everyone. 6) Everyone but China wants a stronger US$ and wants the US to raise interest rates. 7) No one wants a strong currency vs the US$ but they do not want to cut interest rates themselves they want the US to act "responsibly" according to what is good for them. 8) Snow is in favor of a strong US$ policy. ggg 9) Can this possibly have a good outcome? For who? Does that summ it up properly? Comments please! Mish

To: Chispas who wrote (61)	2/17/2004 1:02:14 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 116555

Re: an unemployment rate of 1.43% Reefering to english.peopledaily.com.cn OK, we all know from reading I.F. Stone's Weekly that "Governments Lie". For instance, in America, "we get enough to eat" (as Randy Newman ironically and sardonically observes) but do we get the facts? Hardly. Are you kidding? We get "official lies". This is the Orwellian version of perfection. So, do the search and find the real statistics on unemployment in America.... What, lamer, can't you find them? Not a surprise. Facts are dangerous and need to be hidden. Tsk, tsk. Here's a prevarication that is an approximation: bls.gov So, sleuths, compare Cocaine Lines U-1 (fuggedgabout U-2) to Line U-6. Whaddya get? An Ay Carumba moment! Here's another one. One in six humans alive today are teen-agers. And they don't live in your neighborhood. But they lust after it. Demography, it's not just a concept: prb.org