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To: russwinter who wrote (64141)2/21/2001 10:41:47 AM
From: KyrosL  Respond to of 116915
 
It's easy to figure out why and when the Fed will add money. Just check the Fed Funds rate. If it's above the Fed target of 5.5%, the Fed adds money. Below, it drains. The fed funds has been above 5.5% the last few days. It's at 5.56% right now, per Bloomberg, so expect more additions.



To: russwinter who wrote (64141)2/21/2001 10:43:23 AM
From: long-gone  Respond to of 116915
 
Worldwide economic slump? - It started in the US with an advertising slump!:
Wednesday February 21, 10:26 am Eastern Time
Mexico's Televisa slump 7.4 pct on weak Q4 earnings
MEXICO CITY, Feb 21 (Reuters) - Shares of Mexico's largest broadcasting group Televisa (NYSE:TV - news) on Wednesday slumped 7.4 percent on disappointing fourth quarter results, traders said.

Shares of Televisa were down 1.64 pesos to 20.50 pesos per share, while its New York-listed ADRs opened 7.7 percent weaker at $41.80 after a delay of 30 minutes.

Televisa reported results on Tuesday after the market close that revenues grew by 1.2 percent to 5.997 billion pesos during the fourth quarter compared with analysts' estimates of 6.238 billion pesos.

Televisa reported earnings per ADR (American Depositary Receipts) of 49 cents, below analysts' estimates of 52 cents.

Mexico's IPC index of leading 36 stocks (^MXX - news) was down 1.61 percent, or 100.55 points, to 6,145.81 points.
biz.yahoo.com



To: russwinter who wrote (64141)2/21/2001 11:17:04 PM
From: Alex  Read Replies (1) | Respond to of 116915
 
<<One analyst pointed out that the government may also spend some time thinking about the damage hedging did to the economy, noting that Anglogold is the most prolific hedger: "What's in South Africa's best interest? The government issues mining licenses, not sell-all-your-reserves-forward licenses.">>

m1.mny.co.za