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

To: mishedlo who wrote (42309)	1/17/2003 6:27:05 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 52237

misheldo, the whole arab world are against the US as of now including Iran, and some extent Pakistan and Indonesia. Further Iraq long ago declared that they will sell their oil only in EUR and urged all other arab countries to do the same. Petro Euro's are adding up which once were Petro Dollars. Further there was about a six or more months ago a rumor that most Saudi money invested in the US will divest later was denied ..... but due the current stance of Saudi Clan position it is obvious that they are selling US assets and buying UK & EZ assets. RE in the UK is going trough the roof from buying by foreigners

To: mishedlo who wrote (42309)	1/17/2003 6:41:45 PM
From: Haim R. Branisteanu	Respond to of 52237

One more note on the article from your link - it was written in year 2000 when Europe had low inflation low wage growth and Germany, Italy et-al were not in a recession. Further then the concept was that the EUR will change EZ's rigid work laws and EZ budget deficits will shrink to ZERO Now is a very different situation in EZ recession, wage increases of 4% + more taxes and almost double the budget deficits as in the US

To: mishedlo who wrote (42309)	1/18/2003 1:45:05 PM
From: Haim R. Branisteanu	Respond to of 52237

Paris houses catch 'English disease' (Petro - EURO's) ? By Philip Delves Broughton in Paris (Filed: 18/01/2003) Paris is succumbing to the le vice anglais of property price fever, stoked further by yesterday's announcement that prices in the capital increased by 9.2 per cent at the end of last year. The recent rises have shaken Parisians from an inborn reluctance to see property as anything but where you live. Now, in an important cultural shift, they are starting to see their homes as assets. Prices in Paris remain around two thirds of those in London. A one bedroom flat in a decent neighbourhood costs about £140,000. But they have been rising fast over the past two years as interest rates have dropped below five per cent and banks have extended their lending periods. Mortgages over 15 years, unheard of before, are now commonplace. In some areas of Paris, especially on the Right Bank and in the suburbs, prices have gone up as much as 30 per cent in two years - extraordinary by French standards. "It cannot last," said Beatrice Creneau-Jabaud, the head of the notaries' association, which released yesterday's price figures. "The markets need to find a more lasting balance." She pointed out that Paris house prices have now far outstripped household incomes, partly as a result of foreigners and French speculators driving up prices. "We are becoming like England," said Pascale Rocci, an estate agent in the seventh arrondissement. "People are starting to expect these big rises, but they are not sustainable. Prices must drop." It is still more common to rent than to own in Paris, but a shortage of rental properties and the acknowledgment that a house can be an appreciating asset are forcing a change in attitudes. Parisians have always preferred to own a family house in the country, where they decamp for the long summer holiday, and rent in the city. The major hindrance to ownership and speculation in Paris remains the complication and cost of buying and selling. Notaries' fees, taxes and estate agents fees add over 10 per cent to the purchase alone, which cannot be included in a mortgage. But the good news for Paris property owners is that prices remain 20 per cent below their relative peak in 1991. telegraph.co.uk