Sam Morris wrote: > Weekly Standard is very Conservative. > > I was more interested in the effect China would have > on the Euro rather then the politics of it. >
We saw what happened to Europe when China's economy had a slight hiccup after the 1997 fiscal crisis. We also saw what happened to Europe when China's economy didn't grow as fast as was expected in 2000 or 2001. (Those two years are a big blur to me. Everything came down so fast. It was like being caught under an avalanche. I predict it would be similar. In case you don't know what happened, high end luxury retailers and producers came in with weak sales numbers. Companies like Burberry, LVMH Group, Prada/Gucci, and Vercase all consider Asia to be their number 1 market. China is arguably their number 1 market within that region and those that argue will not argue that it's at worst the number 2 market. A more significant slowdown in China will have negative impact in Europe as well. I have no idea what that means for the Euro though. -- 2004 - The year $184M couldn't buy a pennant. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Special thanks to the CF Community Suite Gold Sponsor - CFHosting.net http://www.cfhosting.net Message: http://www.houseoffusion.com/lists.cfm/link=i:5:135424 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
