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

To: Tommaso who wrote (29733)5/10/2005 10:57:29 AM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
I believe the pound is way overvalued as well.
It is one of the reasons I doubt the US$ drops off the cliff.

Europe is clearly headed for recession, Chinese banks would blow up if they floated the RMB and everyone is madly in love with the YEN even though Japan has interest rates at 0% and a debt of 150-300% of GDP depending on who you believe.

I think the worst of the US$ drop is behind us.

Mish



To: Tommaso who wrote (29733)5/10/2005 2:00:36 PM
From: Knighty Tin  Read Replies (2) | Respond to of 116555
 
Heck, If you are willing to pray and sing a couple of hymns, you can get soup for free in New York.


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