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

To: mishedlo who wrote (1102)	3/3/2004 2:19:14 PM
From: maceng2	Respond to of 116555

A fall in sterling will throw that into reverse. No, that is not how the BOE sees it. Cheap money (low interest rates) just makes the housing bubble worse, and creates other bubbles too. "Financial responsibility" was the reason to increase interest rates, trouble is the view is myopic because of the effect on currency exchange. and when it does, it won't be a pretty sight. Sure, and the dollar is invincible? I agree with much of the analysis, but the invincible dollar is something I don't believe in. Trade deficits occur in other countries apart from Britain. -g- ps: ``It's not our intention to intervene in the market in relation to the pound,'' Blair said. What a farking moronic dumbass Blair is for even saying that. He should have something like "We are watching the situation closely, but see no reason to be concerned just yet" Just a J6P's POV -g-