From: George Sherwood 

On Sun, 04 Mar 2007 21:28:40 +0000, Adam wrote:

> George Sherwood wrote:
>> On Sun, 04 Mar 2007 10:27:58 +0000, Adam wrote:
>>
>>>> But hey the Euro is doing great!!!!!    ROFL.  Those two paragraphs
>>>> so funny and so true and so predictive of what's to come for them.
>>>> Maybe once the muslims take over in Europe and sharia law is
>>>> implemented they will be able to get those vacations and
unions under
>>>> control.  I don't think the Koran provides for union
breaks or unions
>>>> at all.  And they won't have a problem with unemployment,
because all
>>>> the women will be forced out of jobs and out of schools
and won't any
>>>> longer be counted as part of the workforce statistics.
>>>>
>>>> Gary
>>> It's doing better than the Dollar & US economy
>>>
>>>
>> I still haven't figured out this fascination with talking about how
>> weak is the dollar.  Nothing more then a dick measuring contest.  The
>> weak dollar is playing more havoc with Europe then the US.  I think
>> that is pretty clear.
>>
>> George
>
> Factor in though the fact that as a result we are getting one major
> input (oil & gas) in effect cheaper than you.
>
> The EU has a higher rate of GDP growth at the mo than the US.
>
>

At the moment that is correct, but over how many of the last years has that
not been true?  From the most recent Economist:

Last Quarter:
US: 2.2 %
EU: 3.4 %

2006:
US: 3.4 %
EU: 2.7 %

Thought for 2007 since they are predicting: US: 2.6 %
EU: 2.0 %

I just wonder what the EU growth would be with a weaker Euro?  I am just
not convinced this is working to your advantage as much as it might make
you feel good to see an exchange of almost $2 to 1 pound.

George

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