|| -----Original Message-----
|| From: Dennis Robert Redmond
||
|| Incredible. One of the truly sublime moments of world history; decades
|| from now, each one of us can say, we were there at zero-hour, when the
|| sorry shambles of the Pax Americana ended, chasing phantoms of its own
|| prehistory in the dust of Afghanistan, graveyard of declining
|| metropoles,
|| at the dawn of the Euro-millenium: 300 million people, 7 trillion
|| EUR of economic output, Max Payne brings the cellphone style,
|| Serious Sam
|| slings the firepower.
||
|| And somewhere in Tokyo Bay, the seabed is beginning to quake...
||
|| -- Dennis
||
Here's how Le Monde sees it: http://a1692.g.akamai.net/f/1692/2042/1h/medias.lemonde.fr/medias/image_arti cle/02010101_euro+mad1.jpg
Greenspan and Wall Street don't see much to write home about, as the euro continues to stay weak vs the dollar. Greenspan says the dollar's strength comes from fewer workers' rights in the US, which attracts EU investors and contributes to EU joblessness. The US is the EU's third-world labor market, as it were. How true is this? Isn't the dollar's strength due to other factors - primarily geostrategic ones - like the pool of petrodollars and the pool of dollars in the captive Latin American market? Anyone know of anystudies challenging the fed's view?
Hakki