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The -this time around- peacefull Unification of the European Continent {unlike the
many previously fought out wars, which most were also based -on the same Unification-
desire} will NOT ever get inflamed by any of the minority in current non-included
countries {the obstinate and/or unliable countries like the UK,SWE,GRE & DEN etc.}.
The EURO therefore too, will NOT get inflamed either. It's "low" value is actualy an
economicaly {hidden} blessing from the sky {and ECB chairman Duisenberg of all
definitely knows that too and has therefore silent himself so not to be screaming it
out loud and therefore awakening others}.
It are the journalists {the talking heads} otoh, that try to create a lamb {havok,incitement}.
However, they also do not realise that they are creating a tame LAME lamb and that
the too are only filling their pages with non-productive material {only playing the public
senrtiment} and are only writing what the -economicaly- uneducated do want to hear.
Most of the economic fundamental figures for the EURO have never been as
prosperous as they are now, eg the lower it goes vs the U$ or other country's valuta,
then the lower the export prices will also fall {boosting all of the European countries'
trade -and most importantly- their already very "from mass productivity" rising exports}.
And since so many countries are currently also enjoying the {many past year's} lasting
economic uprise {economic cycle}, then there is also so much superfluous money
to be spend by those {other valuta} countries and therefore they will then also
massively buy the cheap {EURO} products {and therefore also boosting their trade and
their imports}.
Contrairy, it will too heat up the rate of {imported} inflation {from the higher -expensive-
imports} and therefore on its turn will heat up the {EURO} interest rate {rises}.
On their turn, these interest rate rises will {fundamentaly} support the EURO.
Thus a market bottom it will be, but if it will stop @ 0.80 or above/below is too difficult
to say, since it is also the President's election year on the other side of the pool
{a MSK Chart will surely provide the answer, tho}.
And that requires -some sort of manipulated- market support. A fact of life too, that
the OPEC countries surely know and know how to {manipulate} and to deal with {with
a now exiting and therefore non-decisive President, the OIL price-rice of late could not
have been timed better and is also been fueled by the impressive rise in the human
consumption stemming from all -the above already mentioned- increased trade activity
on both sides of the pool and elswhere on the globe, esp. in Asia !!}.
Regards,
Ton Maas
ms-irb@xxxxxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying.
Homepage http://home.planet.nl/~anthmaas
----- Oorspronkelijk bericht -----
Van: "Glen Wallace" <gcwallace@xxxxxxxx>
Aan: "MetaStock listserver" <metastock@xxxxxxxxxxxxx>
Verzonden: maandag 18 september 2000 16:52
Onderwerp: Euro
> I don't follow the Euro or Danish politics, so maybe some of our European
> friends could comment on the following from Ed Yardeni, Chief Economist
> of Deutsche Bank Securities in New York (http://www.yardeni.com):
>
>
> "COMMENT: September 28 could be a Day of Infamy for the euro. On
> that day, the Danes will vote whether to join the euro currency union. My
> hunch is that the vote will be close, but will go against the euro. If so,
> then this currency could quickly drop to $0.80. This level should make
> for a great buying opportunity for both the euro and European stocks,
> at least in the short run. It might also make a major long-term bottom ...."
>
>
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