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

To: Jim McMannis who wrote (45012)	1/23/2006 11:51:33 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

I want to know what happened to DAK1 this guy here is clearly an imposter. ggg dak.com

To: Jim McMannis who wrote (45012)	1/23/2006 12:39:30 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Refusal to let the walking dead go broke prolongs and even fuels the agony Mish =DJ THE SKEPTIC: Italy Won't Let Alitalia Go Bust, Yet ROME (Dow Jones)--The Italian government is talking tough on Alitalia (AZA.MI), but that doesn't mean it's about to let the flagship carrier go bust less than 80 days before general elections. On Monday it was Labor Minister Roberto Maroni's turn. He told La Repubblica that continued protests from workers could lead to Alitalia going bankrupt, and the state-controlled carrier's stock promptly fell more than 7%. .... Message 22089742

To: Jim McMannis who wrote (45012)	1/23/2006 1:02:41 PM
From: mishedlo	Respond to of 116555

DJ IMF's Rajan: Can't Rule Out A Run On The US Dollar LONDON (Dow Jones)--A run on the U.S. dollar that would see investors rushing to dump the currency is a possibility, although it's difficult to judge how likely an outcome that is, the International Monetary Fund's chief economist said Monday. Speaking at a conference on global imbalances, Raghuram Rajan also said a rapid and large appreciation of the Chinese yuan against the dollar and other currencies would be more likely to damage the world economy than be of benefit to it. With the U.S. current account deficit running at close to 7% of gross domestic product, economists have long expected the dollar to depreciate against other major currencies, and feared the dollar could go into free fall if that prompted international central banks and investors to flee the greenback. "We are in a risky situation," said Rajan. "You cannot discount a run on the dollar. But you cannot fully quantify that risk at the moment." Rajan added that he's more concerned about the possibility that a run on the currency will be triggered by foreign private investors abandoning the dollar than the risk that international central banks will diversify away from U.S. assets. "The first action will come from foreign private investors, who have no motives other than returns," he said.