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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (71431)	12/6/2009 4:23:37 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

We can rename this thread as "House of the Sore asses". All of them booted uncerimoniously from the Collapse Thread. I know you arte an avid lurker there...

To: marcos who wrote (71431)	12/6/2009 9:48:58 AM
From: Haim R. Branisteanu	Respond to of 74559

i think like you and this worries me most as for sure many more think the same i speculate that the USD will recover v. the EUR something like 1.40 range in 6 months for months now CitiBank promotes EUR 1.60 and Barcklays party to the CAD and AUD

To: marcos who wrote (71431)	12/6/2009 10:45:32 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 74559

My comment on the EUR was way to simplistic even for SI <GG> therefore I would like to extend some more. About a year a go the WS mantra was that the US entered the recession earlier than the EU and therefore they will come out of the recession sooner – therefore sell the EUR buy the USD. When this proved wrong during late spring the EUR rose and the signs of recovery in the EU and stabilization in the US gave the impetus of renewed altruistic investments in developing nations and the fear a multiple collapses similar to Island dissipated – to every one trashed the USD and bought anything else. Obama policies did not help the USD either and more so the desire of competitive devaluation drove the USD even lower. Presently IMHO the unemployment in the US is higher than in the EU due to the differences in labor laws and hiring mentality and I do anticipate that the layoffs should taper out which in turn will be interpreted by the markets as a recovery. EU recovery will be slower based on “new jobs created” which will have the ECB steady and the FED inching up interest rates. The EU is unhappy with a EUR around 1.50 and would prefer the EUR below 1.40 the US would prefer the EUR above 1.50 to recover easier and therefore I do see for both reasons a slow recovery of the USD. Please keep in mind that the “PIIGS are a drain on Europe as are certain CEE countries that joined the EU zone recently