Tuesday, February 12, 2008

Bubbles and Value

Jean-Pierre Jouyet, France's minister for European affairs
Tue, Feb 12 2008, 11:37 GMT

Dow Jones - "Everyone agrees that the strength of the euro is prejudicial to a certain number of industries. You cannot act if there is insufficient willingness to cooperate on the part of the United States. The last G7 showed there was insufficient willingness to cooperate to eliminate the existing imbalances on exchange markets. For the markets to follow you there has to be a homogeneous message from monetary powers."

1 comment:

  1. abbass12:53 PM

    yes sir..

    GOLD's on a tear since last year. Uptrend since 2003 or 2002 or so.

    National currencies are inflation-prone.

    Food prices gained 45% roughly, last year.