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To: Haim R. Branisteanu who wrote (72336)	2/4/2010 9:03:11 AM
From: Haim R. Branisteanu	Respond to of 74559

double posting

To: Haim R. Branisteanu who wrote (72336)	2/4/2010 9:03:11 AM
From: Haim R. Branisteanu	1 Recommendation Respond to of 74559

Interesting remark by Trichet EU budget deficit in 2010 6% US budget deficit in 2010 10% Japan budget deficit in 2010 10% Believes that a strong USD is in the benefit of the US v other currencies not only the EUR In a nutshell EU wants the EUR stay at present level to get out of recession and China to revalue IMHO a USD at present level is not helpful for a US recovery Longer term it seems that the USD will indeed go down due to excessive debt issuance