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

To: elmatador who wrote (34857)	5/17/2008 11:24:46 AM
From: Cogito Ergo Sum	Respond to of 218601

How investors will react to staginflation A global rebalancing act I was saying these very words 5 maybe more years ago.. How come I'm not getting rich on 150K per speaking engagements ? OK I'll gladly work for half of Clinton's rate :o) The Black Swan

To: elmatador who wrote (34857)	5/18/2008 8:38:21 AM
From: Haim R. Branisteanu	Respond to of 218601

DJ Lehman Economist: ECB To Start Rate Cuts Around Sept - Report MILAN (Dow Jones)--The European Central Bank will start cutting interest rates "around September" and will intervene "on various occasions afterwards, bringing rates down by a whole point by the second half of 2009," Paul Sheard, global chief economist at Lehman Brothers, said in an interview Sunday in Il Messaggero newspaper. "We are optimistic that the ECB's main worry, inflation, has peaked and is destined to drop," said Sheard. Now, he added, the ECB can begin to cut rates, to stimulate the economies. U.S. interest rates are also seen coming down: "We expect the Fed to continue reducing rates by up 0.75%, and stop rate cuts when the rate reaches 1.25%." In the interview, Sheard said he sees the U.S. economy hitting its worst moment around the end of the year and predicts that the dollar will start strengthening against the euro in the second half of 2009. Europe remains exposed to the effects of the U.S. subprime crisis, he said. In the interview Sheard sees the effects of the crisis hitting Europe "between now and the end of 2009." The most vulnerable economies are Italy and Spain," while Germany and France are "more vaccinated," he said. Newspaper Web site: ilmessaggero.it -Milan Bureau, Dow Jones Newswires; +39 02 5821 9901 (END) Dow Jones Newswires