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

To: futures speculator who wrote (38041)	8/7/2005 12:36:55 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

but even if it does, what difference does it make? it makes all the difference. it means the zeuro is DOA. read the latest issue of Grant's. Also, why would one buy CHF instead of EUR? where did i say anything about buying CHF.

To: futures speculator who wrote (38041)	8/7/2005 12:48:54 PM
From: Wyätt Gwyön	Respond to of 110194

So investors should take note and demand higher premium for Italian debt yes, but the whole question is, whether the rate keeps up with Italian inflation. look at Czech currency. overnight rate is only 175bp. 10yr spread to Bunds is just 29bp. i don't think Italy is worried about finding fools to buy their debt. t, i'd say EUR/USD will see 1.40 over the next 2yr anything can happen in the short term, but longer term i say euro is toast. btw, some here were predicting 2.00 EUR/USD earlier this year/late last year. i am glad to have basically stayed away from anti-USD trades this yr except energy (brief foray into GLD, but i backed out as USD short yields keep rising).