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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (44863)	1/17/2004 3:03:56 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

You think you're in trouble? Imagine those CEO's being forced to put a brave face nodding that the economy is going to grow!!! Pretty soon someone is going to ask: When you'll stat hiring?

To: TobagoJack who wrote (44863)	1/17/2004 3:27:47 AM
From: elmatador	Respond to of 74559

Transatlantic rift grows over falling dollar <<it is not the euro which is strong but the dollar that is too weak.">> Transatlantic rift grows over falling dollar By Robert Graham in Paris, Claus Hulverscheidt and Bertrand Benoit in Berlin, and Tony Major in Frankfurt FT.com site; Jan 13, 2004 France is co-ordinating efforts with Germany to ensure that next month's meeting of Group of Seven finance ministers sends a strong signal on the need for stability in the currency markets. But both countries are facing an uphill task in persuading the US administration of the need for G7 action to correct the steep decline in the dollar against the euro. European officials said the two sides were holding increasingly antagonistic views. European governments and central bankers are increasingly concerned about the problem while US officials insisted there were no grounds to act. The growing rift was highlighted on Tuesday when Alan Greenspan, chairman of the US Federal Reserve, played down the dollar's weakness and repeated his view that he saw no problem in funding US deficits. His comments came just a day after Jean-Claude Trichet, the European Central Bank president, signalled his disquiet at the euro's rise against the dollar, insisting it had been "brutal" and a sign of "excessive volatility". Speaking in Berlin, Mr Greenspan said he saw "little evidence of stress funding US current account deficits". He said the dollar had fallen broadly against other currencies. He conceded that the dollar's steep decline had put eurozone exporters under pressure but noted it was not fuelling inflation, which remained "quiescent", or endangering the global recovery. His comments drew heavily on speeches he made two months ago when he stressed the dollar's decline had created no "measurable disruption" and warned it was vital to thwart creeping protectionism. Gerhard Schröder, the German chancellor, is understood to have expressed unease about the "abrupt exchange rate movements" during a meeting with Mr Greenspan. "He is not watching this without concern," said an official. In Paris, Francis Mer, the French finance minister, told the national assembly that France would try at the G7 meeting - to be held in Boca Raton, Florida, on February 6 - "to send the correct signals to the markets . . . it is not the euro which is strong but the dollar that is too weak." Over the past year the euro has risen more than 20 per cent against the dollar. European policymakers fear that the relentless rise of the euro could put the eurozone's fledgling export-led upturn at risk. But European officials said initial work on a G7 draft had shown the US was concerned about any language that could cause the dollar to rise again. Most analysts believe the Bush administration favours a weaker dollar to help domestic exporters and narrow the ballooning trade deficit. It would be loath to see a dollar rise just ahead of the presidential election. "It will be pretty hard to get the US on board [at the G7]," said Mark Cliffe of ING. "The US is on a global growth campaign and the ball is now very firmly in Europe's court." He said the ECB might have to cut interest rates before the US was prepared to sanction any G7 concern about exchange rates.

To: TobagoJack who wrote (44863)	1/17/2004 5:23:35 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Jay, is it an AZERTY keyboard? You are learning why my name is Mqurice. I would not yield to those defiant computers. Meanwhile, the war of the worlds continues apace while you hide out in Bora Bora. Aztecs about G = 405 and Cyberspacoid Q = 600, 50% higher. I'm very glad I didn't switch my Q to G way back when they were at parity and Aztecs were chanting their mystical and superstitious incantations. Mqurice

To: TobagoJack who wrote (44863)	1/17/2004 11:03:47 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 74559

keyboqrd LOL... In Canadian French mode on a US keyboard is it easy É. It`s certainly a pain for HTML tagging... try 'B. or 'éB. Or in French mode itès even worse 'b" and 'éb" plus other funnies... Notice the ` is backwards in it`s.. spell checker delight.. gold É aeeeeiiiiiiiiiiiiiiiiiihhhhhhhhhhh 25% PM 35% energy 20% Cash 2% Wheat 14% China (NO ADRS) 4% Special situations regards Kastel Hope you are relaxing... didn`t you bring any carrier pigeons ÉÉ