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

To: ild who wrote (22064)	11/19/2004 6:53:43 PM
From: ild	Read Replies (1) \| Respond to of 110194

Google's Founders, CEO Enter Stock-Trade Plans DOW JONES NEWSWIRES November 19, 2004 6:48 p.m. WASHINGTON -- Google Inc. founders Larry Page, Sergey Brin and Chief Executive Eric Schmidt adopted pre-arranged stock-trading plans to sell a total of 16.6 million common shares as part of an 18-month diversification plan, the company said Friday. The Mountain View, Calif., search-engine giant said Mr. Page, Google's president of products, and Mr. Brin, the company's technology president, each plans to sell 7.2 million shares. After fully executing the plans, the co-founders will still have about 81.1% of their current holdings, the company said in a filing to the Securities and Exchange Commission. Google said Mr. Schmidt plans to sell about 2.2 million shares, retaining 84.6% of his current holdings if all the sales go through.

To: ild who wrote (22064)	11/19/2004 7:03:29 PM
From: zebra4o1	Respond to of 110194

Europe pressuring Japan on currency? Yet with the euro's rise increasingly unnerving European officials, the days of Asia's beggar-the-other-guy policies may be numbered. Europe seems less likely to sit back silently and suffer the side effects. Rising European anger at Group of Seven meetings or in public comments could shame Asia into facing the inevitable. Anyone with a passing interest in U.S. political debate, in which China's currency peg with the dollar is routinely cast as evil incarnate, might get the impression Beijing is the prime culprit. It's Japan that's by far Asia's biggest economy. Only when Tokyo lets markets set the yen's value will China and others follow suit. Is Japan ready to let the yen rise? Some will no doubt argue the world's No. 2 economy has done just that. Japan has indeed watched the yen rise lately without stepping in to manipulate its value. The dollar is down 5 percent versus the yen this month. quote.bloomberg.com

To: ild who wrote (22064)	11/19/2004 7:05:44 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

< given today's currency and bond-market action, it appears that the Japanese have decided to stop aggressively rigging the dollar/yen rate and, by extension, the Treasury market. > Also look for the Chinese to try and "reorganize their economy" (and the US by extension). They announce that the USD reserves they've accumulated will be used for a massive infrastructure buildout, rather than subsidizing American consumers and homeowners with vendor financing(this will be a displacement event). Combined with a deemphasis on Asian exporting (at a loss), the result will be a large US interest rate spike, and also a rally or even firming of the USD. In fact they will find out that setting higher interest rates for the US is sounder policy than printing money and thus hyperinflating their own economies. Higher US rates also serves to preserve the remaining value of the Old Maid cards they hold. The trade: Gold and foreign currency correction, US bond sell off, world wide stock market sell off, basic commodities mixed to higher (China will use them domestically, supply driven issues). Funds have their biggest anti-US and gold bets on ever, with commercials taking the opposite. Commercials have their biggest stock market short (see stock index subtotal) 64.82.65.31 on since 2000-01. Commercials were actually long heating oil in latest report, but rallied big today ahead of COT release.