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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (17161)	8/29/2001 5:03:35 PM
From: Louis V. Lambrecht	Respond to of 52237

Haim - re:falling tendency Here is another one ""The dynamic is there for real growth of up to three percent in the first half of 2002," Mueller said in the interview" europeaninvestor.com\|LG=EN\|NID=4084273,00.html You always can find someone with another opinion.<ng> These people are supposed to manage our wealth. As Lee sez, let's first see what will happen when we will trade hard Euro's. This is in 4 months from here. Meanwhile, some problems arise: roughly 70% of European businesses still do not have installed accounting systems to deal with the Euro. Some lofgistics problems become urgent. The volumes of banknotes start to pile up and cannot be distributed timely. Talks are to ask the national Army's to help provide transport and security. Vending machines have coins weighting problems as each country produces the coins, some subtle differences make them incompatible across borders. Germany has the biggest problem, as they switch to Euro on Jan 2nd. Other countries have some delays as the possibility to pay in local currency for another two months at the stores, and receive your change in Euros. Retail prices have been frozen on Junew 1st. In order to prevent unnecessary slippage. It is not to be expected that Euro 500 notes will be sufficient. Some research shows that some high value current national notes (equiv. to $250 and $500) are not in circulation, for up to 50% of them (matrasses money or illegal one): no idea of how much will be presented at the trade. Thanks gawd, intelligent debit and credit cards, some even with an electronic "purse" function are widely in use here. And all bank accounts will be Euro denominated by the end of the month. But o' course, this does not apply to the hard deposits in Luxemburg or Switzerland safes. And who is talking of 25pts basis cut now or later in the year? Geez! Price stability first: there are other issues to deal with first. Anyway, Eurozone (as the US) is mainly a national market with foreign impex accounting for roughly 15% of GDP. And real rates closer to the official one. (My two year old mortgage is at 4.25%, same as what I currently get on money market).

To: Haim R. Branisteanu who wrote (17161)	8/29/2001 5:24:56 PM
From: Jack T. Pearson	Respond to of 52237

I don't think the rate cuts will be as effective as they have been in past business slow-downs. The only way I can see lower rates helping businesses in the current business environment is by allowing them to re-finance existing loans at lower cost. You would have to be nuts to borrow (or lend) money to finance capital improvements or new equipment for a business that has excess capacity, is operating at a loss, and has little or no visibility into demand over the next three months to two years. In fact, many of the high tech companies are paying big bucks for loans they used to buy land and build new facilities that are now vacant--Juniper Networks and Yahoo are cases in point. When business picks up again, many companies will be able to grow significantly before they have to make any new investments. Does anyone know how to get information on the loan volume to different classes of borrowers?