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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (16505)7/14/2004 1:57:54 PM
From: Jim Willie CB  Read Replies (3) | Respond to of 110194
 
probably right, big euro gains snagged at 124
stress to the EU economy comes above 124
exporters get nailed
I look at the 4th or 5th time as the ones that break thru
128-129 is gonna be real hard to overcome

many regard the USDollar as broken and therefore heading way down
to go way down, other currencys must rise substantially
a tough battle for that to happen
but happen it will, eventually

last few days have been amusing
US$ rose on narrower trade gap
but it narrowed from stalled imports (consumer spending)
then retail spending today comes in low
and the US$ goes down, as it should

FOREX boys got it wrong on trade gap
US$ goes down slowly during recovery, since on wrong foundation of consumption and foreign labor
US$ goes down rapidly during recession or stall, since poor financial investment prospects

/ jim