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 : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (12412)	1/2/2002 1:20:12 AM
From: lightwave51	Read Replies (1) \| Respond to of 74559

Japan may follow Argentina, warns Financial Times japantoday.com

To: TobagoJack who wrote (12412)	1/2/2002 6:07:11 AM
From: elmatador	Respond to of 74559

Recolonization could be an Abracadabra. Imagine that not many financiers are willing to invest in the potential opportunities worldwide. This because of the unreliability of the local governments. But lest think out of the box: Suppose Spain takes over Argentina which would abdicate from its sovereignty? LATAM governments never made up for the potential of the countries anyway. As we can see that post-war boom made smaller countries (Scandinavia etc) develop. Argentina would become Spain's ultramarine province. That would bring Argentina in the world map once gain. Now picture many other countries becoming colonies. Only by referendum. Not taken by force, I mean. Imagine the huge markets that would be created. That could put those countries in the economic map once again.

To: TobagoJack who wrote (12412)	1/2/2002 8:53:16 AM
From: elmatador	Respond to of 74559

EURO doing well. If drug money+shady deals' money turns into to the Euro, it will gain in value. So fat the Swiss FRanc and the Dollar have been the currency of choice for money laundering and shady deals (corruption and arms' dealings). Note that 92% of Russia's reserves are in USD. This may change. The best news could be oil be price in Euro and dollar. SO that the whole Europe didn't buy dollars to pay for their oil bill. Euro gains as markets endorse launch By Paivi Munter and Jennifer Hughes in London Published: January 2 2002 08:41 \| Last Updated: January 2 2002 13:27 The euro gained on Wednesday - its first day of trading as a physical currency - while speculation over euro entry in the UK and Sweden sparked sharp moves for sterling and the krona. The single currency hit a high of $0.9028 against the dollar, its highest point in two weeks, but eased to $0.9023 by 1230 GMT. It closed at $0.8910 in New York on Monday. Analysts said the credibility won by the eurozone authorities from the apparently successful launch was boosting the single currency. Against sterling, the euro bounced to a 10-day high at £0.6235, compared with £0.6118 at the London close on Monday. Most of the move could be attributed to the euro's strength following its introduction as a physical currency, said Chris Furness senior currencies strategist at 4cast consultancy in London. "It's a euro move although there's a bit of sterling weakness, too," Mr Furness said. "Speculators said to themselves that the eurozone leadership cannot let the euro weaken in the first days after the launch." But sterling was also hit after comments by by Peter Hain, the UK's minister for Europe, that market participants interpreted as favourable to the UK's entry into the eurozone. Mr Hain warned the UK could not play a decisive role in Europe if it stayed permanently outside the eurozone, and hinted that Gordon Brown, the chancellor, could make his assessment of the criteria for membership before the June 2003 deadline. Markets believe the pound would have to weaken against the euro if it were to join the single currency in order to protect British exporters. If the UK were to adopt the single currency, analysts say the euro-sterling would have to weaken to between £0.65 and £0.70. In Sweden, speculation about a referendum on euro entry in the autumn sent the krona to a four-month high against the single currency. Meanwhile, Swedish authorities would like a stronger krona to combat inflation, analysts say. "Given the range of the krona in the past two years, the authorities would like to see the krona below, or close to, SKr9 before it joined the euro," predicted Nick Parsons, global head of FX research at Commerzbank. In the last two years, the krona has traded between SKr8.05 and SKr9.96 to the euro. It reached a high of SKr9.2 on Wednesday.The Swedish currency also hit a four-month high against sterling at SKr14.8599.