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

To: orkrious who wrote (15457)	11/10/2004 9:56:37 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Lance Lewis (thanks ork) Lots of interesting stuff, most of it I disagree with but it makes for an interesting read. I do find the following snip both accurate and humorous ========================================================================= Now, back to the euro, we had more statements today there as well. We had an ECB official say that the ECB was “comfortable” with 1.35, but 1.40 was “unwelcome.” This is on top of Trichet saying just a couple days ago that the euro’s rise was “brutal”. Then, we had an Italian minister say that coordinated euro intervention was being studied among the European member banks. Then, Issing of the ECB later said that the ECB had "no comment" on currency strategy. Is it just me, or does it sound like there is wide disagreement on what if anything should be done about the euro’s meltup within the EU? This once again reaffirms for me that the Europeans are a ways off from doing anything about the euro’s current rise, and it’s also probably going to take a further spike in the euro before they will be pushed into coming to any sort of agreement about what to do about it. Message 20756498