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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (21190)	8/14/2007 1:35:35 PM
From: Louis V. Lambrecht	Respond to of 217561

Yeah!Yeah! Just that a stronger Euro was god given to help keep the impact of rising energy prices low. As the US, Europe is mostly a local market. Exports accounting for merely 15% of GDP. Germany (Europe's exporter) could manage the Euro rise. A lowering Euro (hence rising oil prices) would mean blocades by angry truckers. Otoh, higher prices of oil, leading to foreclosures of many trucking companies, would help meeting the Kyoto objectives. LOL. Sarkozy's hard talk is laughable. Liberals voted the 35 hours workweek in a country already totalizing 2 months of vacation. Blame the liberals for lack of competitivity, not the Euro. (See Germany and Denmark). Oh! Yeah! Electoral promises at Airbus EADS. Well, pitty the EC does not allow subsidies anymore while the competitor has no such problems. Blame the EC, not the Euro. Ooops! Sarkozy is in favor of a better EC integration, may not put the blame on it. And he will not ask people to vote about it this time: lesson learned. The problem of the Euro is that there is no Central Bank, rather an ECB made weak at birth, with no competence on money flows but only "price stability". And this disturbs many (mostly southern) countries which cannot use the money presses to pay their debts. With the the nasty effect to make the Euro more stable and in demand. (Next reserve currency, if so, we are doomed!, ain't not enough gold in the World to meet the 15% in reserves). And when I say stable, don't believe me check the Euro Effective Exchange Rate compared to the US Dollar, major trading partners: 7% above reference vs. 20% below reference. Imvho, high Euro is a political argument, or an argument used by the lobbies. Strong Euro? Against what? 7% against major trading partners is not weak, hardly say it is strong.