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To: Lucretius who wrote (43625)	5/27/1999 4:19:00 PM
From: re3	Respond to of 86076

best not answer this BGR bloke ...that's the way to rid us of him... let him post you ...he'll eventually go away... unless he's a psychothing... then, you have problems... Howard

To: Lucretius who wrote (43625)	5/27/1999 4:22:00 PM
From: MythMan	Read Replies (1) \| Respond to of 86076

Stop responding then....some of us may be forced to go thermonuclear here...

To: Lucretius who wrote (43625)	5/27/1999 6:19:00 PM
From: BGR	Read Replies (1) \| Respond to of 86076

Luc, Raising rates in an inflationary economy (USA in 80's) is different from raising rates in a deflationary economy (EU today), which has huge overcapacity (there is something like 70% capacity utilization presently in the EU economy I hear). If rates were raised in the EU now, there will quite possibly be severe long term negative consequences for the European economy. The currency exchange rate is just a manifestation of the trade deficit and terms of trade, behind that there is a real economy; the exchange rate and confidence in the currency doesn't exist in a vacuum. Also, I have no wish to make this personal. -BGR.