SI
SI
discoversearch

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.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (267851)11/18/2003 6:39:55 PM
From: ldo79  Read Replies (2) | Respond to of 436258
 
Verrrrry buuullish:

Reuters
Fed officials said to arrest 47 in forex case-CNBC
Tuesday November 18, 6:31 pm ET

NEW YORK, Nov 18 (Reuters) - Federal officials are in the process of arresting 47 people in connection with a foreign currency trading matter, CNBC reported on Tuesday, citing NBC News.
Law enforcement officials were seen outside Two World Financial Center in lower Manhattan, CNBC said. At least 10 people have exited the building in handcuffs, it said.

It was not immediately clear which companies were involved.



To: Tommaso who wrote (267851)11/18/2003 6:59:46 PM
From: mishedlo  Read Replies (1) | Respond to of 436258
 
women’s apparel prices - Ladies get screwed
northerntrust.com

Today, Commerce Secretary Evans imposed emergency import caps on Chinese-produced bras, evening gowns, and knit fabrics. Terrific! As the chart below shows, women’s apparel prices have risen at an annual rate of 3.4% in the six months ended October. Ladies, you can look forward to paying even higher prices on apparel in the future as a result of Secretary Evan’s edict today. Like the steel tariffs imposed by the Bush administration, these import caps can be expected to lead to net job losses in the U.S. save for the protected industry. Are U.S. furniture makers next in line for protection?

The Bush administration seems intent on inducing stagflation.


Conclusion – The favorable inflation picture allows the extra wiggle room for the FOMC to watch and wait until economic growth is on a firm foundation. Fed rhetoric is also suggesting that the FOMC is no rush to pull the tightening trigger in the near term.