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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (2104)7/15/2002 9:53:21 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 89467
 
CNBC reports on the Dollar-Euro parity, got it wrong again

it was interesting to wake up to European reports of parity
not too surprising, given recent events
currency markets move swiftly
well, Haines had a guest on who discussed the right things
he mentioned unfavorable capital flows with the declining dollar, implying that will not be helpful to the US financial markets

then Haines commented on the Pfizer-Pharmacia merger
the Swiss Pharmacia will receive stock and cash in a $60B deal
and Haines said "that should help the capital flows"

what a dork!
$60B stock swap with cash, got that right
but the capital is again flowing from US to Europe, dipshit!
currency is so misunderstood, it is sad
next up for bigtime losers will be the most conservative US investors

/ jim