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


To: regli who wrote (28948)4/29/2005 12:06:12 PM
From: microhoogle!  Read Replies (3) | Respond to of 116555
 
Yankee wannabes in Bombay can outyank the real yankees. Few years ago there was an unoffocial study where many English speaking upper middle class teenagers in Mumbai were asked a slew of General Knowledge questions.

The new a lot more about United States - nuances and all but they could not name the Indian Prime Minister.

Go Punks !! <g>

Seriously - you under estimate the new crop of generation that is about to come out of colleges.



To: regli who wrote (28948)4/29/2005 12:10:03 PM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
Raffarin says ´international competition´ slowing French economic progress
Friday, April 29, 2005 11:48:52 AM
afxpress.com

Raffarin says 'international competition' slowing French economic progress PARIS (AFX) - Prime Minister Jean-Pierre Raffarin said "international competition is slowing the results" that France is expecting from its economy

Raffarin, who was speaking to chamber of commerce leaders, did not specify what targets are affected

The comments came in the wake of news that France's unemployment rate rose to 10.2 pct in March despite the government's promise of a significant reduction in 2005

Raffarin said there has been a "deceleration in the increase in unemployment" since the beginning of the year

Speculation is growing that President Jacques Chirac will replace Raffarin if the French vote 'no' to the EU constitution on May 29, as polls suggest



To: regli who wrote (28948)4/29/2005 12:15:26 PM
From: mishedlo  Respond to of 116555
 
DATAWATCH Slump in euro zone economic confidence points to slowing Q2 growth
Friday, April 29, 2005 11:10:22 AM
afxpress.com

BRUSSELS (AFX) - The slump in economic confidence in the euro zone in April points to slowing second-quarter growth, economists said

The European Commission's economic sentiment indicator for the euro zone fell to 96.5 from 97.5 in March, falling short of the 97.4 forecast by economists polled by AFX News

"This is its lowest level since August 2003, suggesting growth will slow in the second quarter," Julien Seetharamdoo at Capital Economics said

Lehman Brothers economists noted that the consumer confidence component of the indicator exceeded expectations with a rise to minus 13 from minus 14

But Seetharamdoo cautioned that "this effect was outweighed by further falls in industrial and services confidence"

Industrial confidence fell to minus 9 from minus 8, while services decreased to 8 from 9

Commission spokeswoman Amelia Torres said that while "the situation is not exactly rosy at the moment", the economic fundamentals "are good" and many member states have undertaken structural reforms which will eventually bear fruit

"The conditions are there for consumers to start showing some confidence in the economy," she said

========================================================
Would these idiots please be serious.
The conditions are in place for a recession.
1% growth and falling demand and more layoffs
Mish



To: regli who wrote (28948)4/29/2005 12:20:19 PM
From: mishedlo  Respond to of 116555
 
Czech central bank cuts repo rate by 25 points to record low 1.75 pct
Thursday, April 28, 2005 1:52:38 PM
afxpress.com

PRAGUE (AFX) - The Czech National Bank said it has cut its two-weak repo rate by 25 basis points to 1.75 pct, its lowest ever level

Analysts had expected the monetary policy committee to keep rates unchanged

The discount rate falls 0.25 percentage points to 0.75 pct and the Lombard rate by 0.25 pct to 2.75 pct

The changes take effect tomorrow

The bank has already indicated that the inflation rate, at 1.5 pct, is much lower than its forecasts. It is due to issue a new prediction today



To: regli who wrote (28948)4/29/2005 12:24:20 PM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
comstock article
comstockfunds.com

Snip....

In the late 1990s we wrote a lengthy report with the above title at a time when investment advisors, strategists and economists were exclaiming that all one had to do was ignore the stock market fluctuations, invest in stocks at any time, and watch your nest egg return an average of 10% per year. We pointed out that although there was a kernel of truth in the argument, investors were actually running great risks in buying stocks at excessive valuations near the end of secular bull markets. Although valuations are somewhat lower than the ridiculous heights reached in early 2000, the cyclical bull market since October 2002 has once again put the market in a position where the risks of losing money--or at least not making any—are once again very high.



To: regli who wrote (28948)4/29/2005 12:33:17 PM
From: arun gera  Respond to of 116555
 
>Note that I spent many years in the outsourcing business and am very familiar with Indian accents as I have been working with Indian companies since the late 70s.>

Can you distinguish a Mallu accent from a Guju accent from a Panju accent? If you did not get what I said, then you fail the test, even if you have been outsourcing since 1970s.

-Arun