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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (4104)	12/29/2003 1:18:02 PM
From: Haim R. Branisteanu	Read Replies (3) \| Respond to of 110194

Compare that to Germany were sales were down over 4% YoY...... which will prompt more layoff in a economy with 11% unemployment (or about 20% to 30% over the US) and strong currency appreciation. welt.de Kursniveau sei die deutsche Exportwirtschaft sehr konkurrenzfähig und verbuche Zuwachsraten. Der Deutsche Industrie- und Handelskammertag (DIHK) schlug dagegen zu Wochenbeginn kräftig Alarm. "Jeder zusätzliche Cent, der bei dem jetzigen Kursniveau an den Devisenmärkten für den Euro aufgewendet werden muss, schmälert die Gewinne im US-Geschäft und auf asiatischen Absatzmärkten", warnte der DIHK-Chefvolkswirt Axel Nitschke.

To: russwinter who wrote (4104)	12/29/2003 1:21:17 PM
From: mishedlo	Respond to of 110194

Pittsburgh headed for bankruptcy. LOL Pittsburgh Declared 'Distressed' by State Mon December 29, 2003 10:32 AM ET NEW YORK (Reuters) -Pennsylvania on Monday acknowledged Pittsburgh's long-term financial decline by declaring it "financially distressed" under a state law that will enable the city to regroup. Years of declining population and industry led this year to deep cuts in the former steel capital's credit rating and city officials openly discussing bankruptcy as a potential option. reuters.com