Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Amsterdam who wrote (744)	9/30/1998 10:18:00 AM
From: GUSTAVE JAEGER	Read Replies (2) \| Respond to of 3536

Dumkopf Hans (Tietmeyer) will follow suite (again)... Now that Gerhard's been put in the Chancellor seat, the Bundesbank has a wild card to play! From Tokyo to New York to London to... Frankfurt there was a consensus on easing the monetary policies. The problem was that Tietmeyer couldn't openly blurt it out while Germany was in election campaigns: that would have destroyed Kohl/CDU's chances! But remember that 2 weeks ago, even Wim Duisenberg, Germany's candidate for the ECB Chairmanship acknowledged that a restrictive monetary policy was no longer necessary for Europe... That was a hint! I was wrong on my bet on Schroeder's first foreign tour... I thought he would go to Moscow first but it seems more likely he'll drop by to le Palais de l'Elysee first. A weaker dollar is not good for corporate Europe and an economic slowdown is not good for political Europe; hence, everything is conspiring for an across-the-board rate cut. Europe's currently ran by socialists in about every member country --except Spain and Finland(?). Blair (UK), Jospin (FR), Schroeder (GER),... they all support a pro-growth policy: increasing domestic demand, interventionist measures, and a larger credit supply. We're in for a cheap Euro! Gustave.