Balanced View: Intelligent Discussion of Market Trends
hatman - Mon, 29 Dec 03 :
View from Amsterdam:
DEC.29,2003:
09.35 CET: The Dollar continues to test its low vs. the Euro, the Currency Trade will probably not much longer be deterred by Japanese attempts to keep the Dollar-decline in check, the U.S. Budget-deficit of half a trillion Dollar and the U.S. Trade-deficit of half a trillion Dollar will not disappear overnight, to the contrary: the current policy only suggests further deterioration. The disadvantages of a weaker Dollar far outweigh the benefits and as the effects of tax-cuts and low interest rates in the U.S. are wearing off (disappointing Christmas Sales), the stock-markets should be ready for a significant sell-off.
