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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (23375)	10/1/2007 12:15:51 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217840

correct, to a point, that while zimbabwe has the best performing stock mkt over the past 7 years, and may do so for the next 7, but not relative to gold I am not short the equity market, I am long; but I am more or less equal weight in gold, yen, equity, real estate, and am over weight other cash. the trillions of japan did nought for tokyo stock and real estate markets.

To: KyrosL who wrote (23375)	10/1/2007 1:10:39 PM
From: elmatador	Read Replies (1) \| Respond to of 217840

G-7 at odds over whether to acknowledge publicly concerns over the weak dollar at the G-7's Oct. G-7 Debates Whether to Discuss Dollar By NATHALIE BOSCHAT and GERALDINE AMIEL September 28, 2007 11:16 p.m. PARIS -- European members of the Group of Seven leading industrial nations are at odds over whether to acknowledge publicly concerns over the weak dollar at the G-7's Oct. 19-20 meeting in Washington, people involved in the discussions said. By contrast, there appears to be early consensus that the Chinese yuan will receive a mention in the G-7 communique, they said. Advance planners from the U.S., Japan, France, Great Britain, Germany, Italy and Canada are currently deliberating over the content and wording of the closely watched communique to be issued after the meeting, they said. Despite the negative impact of a strong euro on their trade positions, European countries are divided over whether to elevate the issue to an agenda item getting mention in the communique. "It is true that all Europeans are worried about the strong euro, but it is unlikely that we will see any mention of it in the G7 statement," one of the people close to the situation said. The French have been the most vocal among Europeans about their concern that the weak dollar and strong euro was hurting exporters, even calling on the European Central Bank to cut interest rates. German officials recently have expressed concern, but haven't called for action. The people close to the G-7 preparations said the U.S., which insists currency levels be determined by markets and not by governments, objects to making the dollar an official topic. The G-7 meets in Washington ahead of the regular autumn meetings of the World Bank and International Monetary Fund. The Europeans are worried that their currency continues to climb against the dollar and yen. On Friday, European Union Monetary Affairs Commissioner Joaquin Almunia suggested in an interview with French newspaper Le Figaro that the EU could take action in the face of the dollar's weakness. "We are preoccupied with the value of the dollar... One can't expect us to remain passive when it comes to paying for the imbalances" of trade between the U.S. and China, Mr. Almunia said. The euro hit a fresh record against the dollar at $1.4209 Friday in anticipation of further rate cuts by the Federal Reserve. "The euro-zone members of the G-7 will speak with the same voice," one of the people close to the G-7 talks said. "Even though all the Europeans are worried about their trade balance, Germany is not worried enough to discuss a mention of the weak dollar in the G-7 statement." While the French trade balance has deteriorated over the past few months, Germany continues to show surpluses. But it is the U.S. that would most likely to block any mention of the dollar weakness in the G7 communique, the people close to the matter said. U.S. Treasury Secretary "Henry Paulson is a strong supporter of market fundamentals and believes currency levels should be set by markets," one of the people said. "Therefore the U.S. is likely to resist any calls to put the fall in the dollar in the G-7 final communique, unless the fall becomes so disorderly that it triggers inflation risks for the U.S. economy." Write to Nathalie Boschat at nathalie.boschat@dowjones.com and Geraldine Amiel at geraldine.amiel@dowjones.com