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

To: mishedlo who wrote (3326)	4/1/2004 1:06:14 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

The euro advanced against the dollar after European Central Bank President Jean-Claude Trichet said he still expects a ``gradual' economic recovery in the region. ``Our working assessment of a gradual recovery is the appropriate diagnosis,' Trichet said at a press conference after the bank kept its benchmark rate at 2 percent, twice the level of the Federal Reserve. The euro rose to $1.2385 at 8:33 a.m. in New York from $1.2316 late yesterday, according to EBS prices. ``A lot of people had been expecting Trichet to pave the way for a rate cut,' said Ian Stannard, a strategist in London at BNP Paribas SA. ``That certainly hasn't happened and the euro will move higher.' quote.bloomberg.com

To: mishedlo who wrote (3326)	4/1/2004 1:36:43 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 116555

Trichet might realize talk of lower rates is more effective than actual lower rates thru cuts once you cut, you cannot cut to that level again KRichebacker points out that real economic growth is much less droopy in Europe than reported and only slightly lower than the exaggerated levels of growth in the USA take out the deceptive adjustment horseshit in the USA, and you get only a smidgeon higher growth than in the EU US GDP in Q3 grew by about 1.1% q/q which is no big deal thus few jobs created EU growth was just a little below that enormous number that could be why ECB holds the fort on interest rates also, they dont want financial sector cancer spreading / jim

To: mishedlo who wrote (3326)	4/1/2004 2:12:14 PM
From: russwinter	Read Replies (1) \| Respond to of 116555

Well at least the Europeans will have actual money/currency. Maybe Americans can still round up silver dollars, or bushels of wheat or something. Which of the two do you think is more useful in paying wages? The metals and foods markets started going ballistic as soon as this criminal 0.1% PPI report hit. It's like the bigger the lie, the more it melts-up. It covered the 0.1% ground in about three nanoseconds today. It's one of those make my day moments, as in lie some more, we will give you 5% more inflation in one day , screw one year.