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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (18013)	4/15/2003 9:45:57 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81091

> returns are less in dollar terms which is probably inflationary meaning cost must go up in exporting nations Seems you are right. If you look under all the propaganda, politics, litigation and other drivel: >>>The latest move stronger [whatever that means] was prompted by worse-than-expected March consumer inflation data that has fuelled speculation that the first interest rate cut may now only come in September rather than June.<<< m1.mny.co.za Of course, costs continue to rise in SA mines simply because the black mine workers demand increased wages --- even though their productivity remains static, or diminishes. In order to avoid the cash crunch of these increased wages, the mines attempt to apply mechanized methods to their new stopes. Unfortunately, these methods are even more expensive than the traditional Afro way. So now the SAf mines are trapped between a "rock and a hard place" as far as their profits are concerned. And that's not talking about the fall in profits brought about by the appreciation of the rand, or the anticipated state royalties.

To: Ahda who wrote (18013)	4/15/2003 11:09:10 PM
From: philv	Read Replies (1) \| Respond to of 81091

Darlene, the trade between US/Canada far and away dwarfs any other bilateral trading arrangement. Canada is the US largest trading partner by far, Mexico I think is second. In fact, Canada trades more than either all of Europe or all of Asia with the USA. Strangely, this is a little known fact in the USA. As for Canada, the US is the destination of about 75% of Canada's exports. That is why the US has such a leverage against Canada if it wants to use it. Here is a site of the world's trade with the US. ita.doc.gov Phil