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

To: mishedlo who wrote (17863)	12/7/2004 5:30:59 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116555

Fixing the global economy will require fundamental structural change IMHO. The dollar's role as THE reserve currency will have to be modified. And Asian and third world nations must restructure their economies so that they are considerably less dependent on the US market.

To: mishedlo who wrote (17863)	12/7/2004 10:38:15 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 116555

It is unacceptable that Europe should pay the bill for major imbalances in the world economy, especially in the (deficits) in the US," Austrian Finance Minister Karl-Heinz Grasser was quoted as saying by Agence France Presse. 'Slide must stop' Earlier on Monday, French Finance Minister Herve Gaymard, said the slide in the dollar against the euro "should not continue". this is becoming quite amusing to watch 'slide must stop!!!' <STAMP> or, or, or we'll, we'll INTERVENE! yes! <STAMP> we ARE going to INTERVENE! <WAVING ARMS> look! over here! the slide must stop! and don't you make us come back there and INTERVENE! (mish, any clues why the ECB won't just cut the foreplay and INTERVENE???) :)