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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (50737)	6/5/2004 4:06:28 AM
From: smolejv@gmx.net	Respond to of 74559

... What's happening? The general view is that the Fed's warnings of a coming rate hike have induced cautious speculators to begin unwinding their positions. We see something very different behind this carnage in global markets: massive global distress selling being triggered by a bloodbath in America's huge carry trade bubble ... from Dr.R June letter

To: TobagoJack who wrote (50737)	6/5/2004 9:26:50 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

Jay, at 8AM without <<Lip stick, rouge, wonder bra, gel in the hair, shadow in the eyes without dim light, with hangover alcohol and there's no pulsating music>> You've got the picture.

To: TobagoJack who wrote (50737)	6/6/2004 3:11:18 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 74559

Jay have you fallen ill? all of a sudden in love with the USD? <GGG> The dumb heads driving the FX markets decided that there was little chance for the USD to go higher about 2 weeks ago and started to move it down as means to make more $$$ of those not aware of their FX manipulation. Just listen and read the drabble spouted form all the major trading outfits and you get sick to your stomach . In any case nothing much has changed since January this year between EZ and the US on a relative basis. US trade gap is widening retail sales are slowing as are factory orders on the other hand it seems retail sales in EZ are catching up as factory orders improve. AS to the employment report - see the weekly compensation adjusted for inflation (all based on reported ##) and you will find that buying power in the US is slipping fast. Further see the death/birth miracle medicine ## in the employment reports bls.gov - quite fascinating stuff - and more so as 71,000 phantom jobs were added in leisure and hospitality, and - big earners - NOT Trust the FX swindlers to come up with another story to make themselves richer and every one else poorer