Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (4277)	7/13/2001 9:02:05 PM
From: Hawkmoon	Respond to of 33421

Don't need to read it to realize that it's probably the truth. China's needs alone will equate to a substantial portion of that. And that's why I'm pleased Bush is in office. It's difficult to have an information economy when the energy required to run it is in short supply. Hawk

To: Raymond Duray who wrote (4277)	7/16/2001 9:08:30 AM
From: John Pitera	Respond to of 33421

-----While near its best levels for the session, the euro has taken another credibility hit on the back of comments from Eurogroup chairman and Belgian finance minister Reynders. Reynders suggested that a weak euro does have some advantages as it helps to boost European exports. Such comments run in sharp contrast to recent talk out of the ECB in support for a stronger currency. Perhaps more importantly, they may help to renew speculation that European officialdom would actually prefer a weaker currency to counter the competitive and protectionist implications of the global slowdown. For our part, we continue to believe that a stronger currency is in Europe's best interest,as it helps to cushion energy shocks, a dynamic easily evidenced by the inability of higher oil prices to filter down to the end-user level in the US. In addition, a stronger currency helps to maintain consumer purchasing power in the face of an energy shock, a dynamic that goes a step further in the eurozone when considering the influence of organized labor. Not to be outdone, a stronger currency helps to put pressure on the manufacturing sector to increase productivity, which is extremely important when considering that Europe is the largest importer of technology in the world. -----