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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (13715)	10/20/2004 4:51:46 AM
From: zonder	Respond to of 116555

Of course you know all about Soros' hidden agenda, don't you.

To: Haim R. Branisteanu who wrote (13715)	10/20/2004 5:04:45 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

NYT on Citi nytimes.com Three senior executives at Citigroup were forced to resign yesterday as Charles O. Prince, the firm's chief executive, delivered on a promise to improve the bank's sullied reputation in the aftermath of its private banking operations being shut down in Japan last month. The three who resigned are Deryck C. Maughan, the chairman of Citigroup's extensive international operations; Thomas W. Jones, the head of the bank's asset management division; and Peter Scaturro, the chief executive of private banking. All were members of the firm's management committee and their departures represent the most significant exodus of top executives since Mr. Prince succeeded Sanford I. Weill as chief executive a little more than a year ago.

To: Haim R. Branisteanu who wrote (13715)	10/20/2004 5:42:38 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Japanese YEN intervention this AM? Mish

To: Haim R. Branisteanu who wrote (13715)	10/20/2004 5:55:54 AM
From: mishedlo	Respond to of 116555

Weather affects Japanese Sales Damn. Bad weather is everywhere you look. 16 months of bad weather recorded in Japan. Is that a new record? Japan Sept convenience store sales fall 1.8 pct yr-on-yr; 16th drop in 19 mths Wednesday, October 20, 2004 9:19:01 AM afxpress.com TOKYO (AFX) - Convenience store sales in Japan fell 1.8 pct in September from a year earlier to 538.9 bln yen on a same-store basis, the 16th decline in 19 months, the Japan Franchise Association said. The association attributed the decline to the exceptionally high number of rainy days during the month, when there was a number of typhoons The average purchase per customer fell 0.3 pct year-on-year on a same-store basis, while the number of customers declined 1.3 pct to 922.5 mln, the association said. The total number of convenience stores as of September 30 stood at 38,425, up 2.1 pct from the previous year, it said On an all-store basis, sales rose 1.3 pct year-on-year to 587.3 bln yen. The average purchase per customer fell 0.3 pct, while the number of customers increased 1.8 pct to 999.3 mln, the association data showed. The figures are based on data from the association's 13 member firms, including the four largest convenience store chains -- Seven-Eleven Japan Co, Lawson Inc, FamilyMart Co and C&S Co

To: Haim R. Branisteanu who wrote (13715)	10/20/2004 5:59:18 AM
From: mishedlo	Respond to of 116555

Euro zone official sees dollar falling further vs euro as US acts on deficits Wednesday, October 20, 2004 6:15:41 AM afxpress.com ATHENS (AFX) - A euro zone official forecast the dollar will fall further against the euro as the US moves to tackle its twin deficits "The level of 1.25 usd... is not something that will stay where it is for long," said Purtharchos Sakellaris, who is a member of the economic and finance committee responsible for mapping out EU economic policy "The change will not be a strong dollar, but rather the other way round," he said Sakellaris, who is chairman of the Greek government's council of economic advisers, said further dollar depreciation would be inevitable, given the need for the US to reduce its deficits He said, however, that Europe would prefer the adjustment in the exchange to be gradual "Sudden changes are definitely more harmful than slow adjustments," he said On euro zone monetary policy, Sakellaris said the European Central Bank is "in a difficult situation", given the threat posed by soaring oil prices to inflationery pressures and to growth But he said: "As long as they don't see inflation picking up, I think they will be very reticent to take action to increase rates."