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: MulhollandDrive who wrote (4278)	7/13/2001 8:17:13 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 33421

I predict dollar dm at least 3.25 before it's done

To: MulhollandDrive who wrote (4278)	7/14/2001 2:30:26 AM
From: X Y Zebra	Respond to of 33421

foreign direct investment for mergers and acquisitions has helped power the U.S. currency higher. So far this year, about $33 billion came from the 12 nations sharing the euro to buy U.S. companies, compared with $20 billion leaving the U.S. for euro-zone purchases, for a $13 billion net inflow. In 2000, a net $134 billion came from euro-zone countries for acquisitions in the U.S. Companies ``have the freedom to come into the U.S. and buy companies if they wish, so they do,'' rather than wade through prohibitive regulation in Europe, said Fortis's Thome. Sell high buy low ?... Let them buy them all, in due time, they will sell them at lower prices... Like the Japanese did with the real estate in the past.

To: MulhollandDrive who wrote (4278)	7/16/2001 11:28:54 AM
From: John Pitera	Respond to of 33421

Hi Mrs P, boy this sounds like 1984 again (also a very strong period for the USD) It looks like the Unions in Europe are going to be looking for some meaningful wage increases next year. We remain extremely skeptical of the nonchalance on the part of European officialdom towards the prospects of second round inflation effects from next year's wage settlements. Of interest, we would note recent comments from Berthold Huber, chairman of IG Metall, the union of the German metals and engineering sector. Huber stressed the need for strong salary hikes, noting that employers have only "sufficiently kept" their promises to create more jobs in exchange for benign wage settlements over the past few years. Of course, employers have found it difficult to add new employees with the failure of the ECB to do anything to protect against US contagion. Not to be outdone, employers also remained handcuffed by the structural rigidities surrounding the labor market. Michael Rogowski, president of the German Industry Association (BDI), noted today that each mid-size company planning to increase the number of employees by 10%, would be forced to put aside at least two years of profits for unemployment benefits.