6 ordspråk av Nick Parsons

Nick Parsons

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The responsibility for yesterday's atrocities in Madrid is determining the very-near fate of the dollar.

It is understandable that an agency like FAO could be, in some people's minds, an object of protest.

There are several factors weighing on the dollar, among them the weak retail sales data and the feeling that Alan Greenspan was backtracking from his recent optimism on the U.S. economy. Greenspan's mention of the U.S. current account deficit has focused market attention on the problems associated with a strong dollar policy, particularly given the recent imposition of tariffs on U.S. steel imports.

The ECB (European Central Bank) is saying that it won't cut (interest) rates because the exchange rate is weak, when in fact the exchange rate is weak because they won't cut rates.

There is little excuse for pushing the euro lower. The vote will have little impact. The G7 [Group of Seven industrial nations] have turned market psychology around with their intervention in the market.

A gloomier mood in stock markets could be a more durable negative if sustained over the next few weeks.

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