Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (22226)	12/21/2004 8:01:02 PM
From: sea_urchin	Respond to of 80950

A self-fulfilling prophesy -- the more US investors buy foreign assets to hedge themselves against the falling dollar, the weaker the dollar gets. news.yahoo.com >>Already depressed by the nation's huge budget and trade deficits, the U.S. dollar is being undermined by American mutual fund investors: More of them are funneling money into foreign stock funds, a shift that hurts the greenback. Thanks in large part to the dollar's weakness, returns on foreign shares overall have significantly outpaced U.S. market returns since 2002. Foreign stock mutual funds have gained 12% a year, on average, over the last three years, compared with a 4.9% average annual gain for domestic stock funds, according to Morningstar Inc. That performance edge is proving a big draw for American investors this year. Net U.S. cash inflows to stock funds that invest overseas soared to a record $79.7 billion in the first 10 months, compared with $47.6 billion for all of 2003, according to estimates from fund tracker Financial Research Corp. in Boston. <<

To: sea_urchin who wrote (22226)	12/21/2004 8:09:49 PM
From: sea_urchin	Read Replies (1) \| Respond to of 80950

And this makes me feel at home -- Americans are fleeing their sinking ship like South Africans fled theirs. Reminds me of musical chairs -- SAns run to the US, Americans run to South America. So far, it seems the only ones wanting to come to South Africa are Africans with AIDS. escapeartist.com >>The US media is now admitting that more people are currently leaving the United States of America than at any time in US history. Those familiar with this website can probably surmise that I am not very much surprised by this admission In the past few months I've been interviewed by the New York Times, the Washington Post and CNN, among others. The impetus for these interviews was the reelection of George W. Bush and his administration. Would there be a large exodus of Americans from the United States if Bush is reelected, they wanted to know, this prior to the election. When the election came and went I was again contacted - they now wanted to know how many Americans were moving overseas and where they were going - - some of the reporters who asked these questions personally confessed that they too were now thinking of relocating out of the USA. Every source of information I have that can act as an indicator is telling me about a very large degree of activity. Real estate agents selling properties in Central America and South America are telling me that they can barely handle the number of North American clients suddenly wanting to buy properties. Our website traffic has shot through the roof, the number of new subscribers is at a level that requires we send out our eZine in batches over a three day period so that we don't overload our servers with traffic. Everything we sell and promote, from relocation reports to offshore seminars has doubled in sales volume since the Bush reelection. Sources that I have in Australia, Panama, the Dominican Republic, New Zealand, Canada, Argentina, Costa Rica, Belize, and a number of other locations are all reporting an influx of North Americans visiting and contacting them seeking real estate, residency and information on relocation.<<

To: sea_urchin who wrote (22226)	12/23/2004 6:29:26 PM
From: sea_urchin	Read Replies (2) \| Respond to of 80950

The dollar has fallen to a new record low against the euro after data fuelled new concerns about the US economy Meanwhile Europe and Asia are on their knees praying that it doesn't fall any further. So, other than currency speculators, one wonders who is selling it? news.bbc.co.uk >>France's finance minister has said the world faced "economic catastrophe" unless the US worked with Europe and Asia on currency controls. Herve Gaymard said he would seek action on the issue at the next meeting of G7 countries in February. Ministers from European and Asian governments have recently called on the US to strengthen the dollar, saying the excessively high value of the euro was starting to hurt their export-driven economies. <<