SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Haim R. Branisteanu who wrote (171113)6/9/2002 1:23:46 PM
From: ru2  Read Replies (1) of 436258
 
If we will not have a war by next week WS will start trumpeting "SUMMER RALLY" into mid July
##############################################################################
What do you mean by war? America has supposedly been involved in a "war on terrorism" since 9/11.
If you mean a serious escalation of The situation in Pakistan and India, that's clear to me. The WTC attacks were timed to have a maximum market effect on the market place and I would expect anything "big" like 9/11 to be also timed. Currently threats are being made in that direction. Since they are making the threats I am inclined to believe they are just that, threats to spook the market place while the dollar and other markets are under pressure. If something really big were going to happen we would not have a public warning.

The European business people I know started moving the last of their money out of the US a few months ago. Many of them think that things in America are to unpredictable and investing in the right places in Europe, such as Budapest real estate after the recent election is a more sound bet than having dollars invested in America. They also seem to think that European politics are ripe for a strong Euro policy. They think that it will be a battle to try to make the Euro compete with the dollar as a reserve currency. I am not sure what to think of this. A few years ago I laughed at the idea that the Europeans could ever stop fighting and unite as an economic force against the U.S. Quite frankly these days I am not in Western Europe enough to have a good feel for this. Do you think that the Europeans could stomach a strong Euro policy over a longed period of time if it meant a slowing down of their economies? If framed in the right way, as necessary to counteract perceived unfair American business practices and bad foreign policy, I could see popular support for this in both the business communities and in the street, for a while. In the broader picture I am not so convinced. The elections in France were no surprise to me. Le Penn has made great mileage out of the fact that Economic Union has screwed some sectors of the French population. A strong Euro policy that hurts the economy is only going to give Le Penn and people like Jose Bove more popularity. I am curious if you think that a strong Euro Policy could last until after the next Presidential elections in America.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News