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

To: Cogito Ergo Sum who wrote (17568)	12/3/2004 6:23:43 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

but of course that in no longer the contrarian play up here.. so it may bite me.. what a difference a week makes... A week makes little difference actually (for Canada). Check this out futuresource.com 250 basis points of hikes have been priced out since june! only 20 last week. Tons of money could have been made betting against hikes back in june, in spite of the fact there were actually 2 hikes! Amazing chart really. Here try another one - the EU futuresource.com Hell nowhere near as good as canada but 100 bps of hikes now priced out, not much left here actually unless Europe cuts one last one Eurodollars futuresource.com a mere 80 bps price out in a much choppier fashion I think there is a lot more left in that chart, I question how much is left for Canada. In other words too late. Without a doubt Canada was the best one to play back in June. Mish

To: Cogito Ergo Sum who wrote (17568)	12/3/2004 7:54:25 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Continued depreciation in the dollar is forcing Europe's largest carmaker Volkswagen to consider building VW and Audi brand cars in the United States. "We are thinking about manufacturing those models there that for the most part are also sold in the U.S.," Georg Flandorfer told German daily Frankfurter Allgemeine Zeitung..The weak dollar is a major reason why VW expects to book a 1 billion euro ($1.34 billion) operating loss in North American operations this year. At current levels, the carmaker has said it will be tough to turn a profit there in 2005 either, despite the relaunch of key new models like the Jetta and Passat..On Wednesday, VW reported November U.S. monthly car sales plunged around 40 percent. ($1=.7493 Euro) story.news.yahoo.com