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

To: energyplay who wrote (23953)	10/12/2007 2:15:21 AM
From: elmatador	Respond to of 217742

U.S. exports climbed to a record for a sixth consecutive month, Trade Gap Probably Narrowed in August as Exports Climbed. ELMAT: Be carefull. The US is oiling a mahcine to gear it to export!!! Mutlinationals in the Dow Jones will skyrocket. U.S. Trade Gap Probably Narrowed in August as Exports Climbed By Courtney Schlisserman Oct. 11 (Bloomberg) -- The U.S. trade deficit probably narrowed in August as exports climbed to a record for a sixth consecutive month, economists said before a report today. The gap shrank to $59 billion, the smallest in four months, from $59.2 billion in July, according to the median forecast of 74 economists surveyed by Bloomberg News. Foreign businesses, benefiting from growing demand and a weaker dollar that's made American goods less expensive, are snapping up Boeing Co. aircraft and General Electric Co. turbines. Rising exports will help prevent the economy from tipping into recession as the housing slump worsens. ``Trade on the whole is probably just about the only bright spot for the U.S. economy this year,'' said Ellen Zentner, an economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York. ``Export growth has been very strong.'' The Commerce Department is scheduled to issue the report at 8:30 a.m. in Washington. Economists' estimates of the deficit ranged from $57 billion to $62.3 billion. Labor Department reports scheduled for release at the same time will show initial jobless claims fell last week and import prices for September rose 1 percent, according to the survey medians. A weaker dollar is supporting exports by making U.S. goods more competitive for overseas buyers. The dollar is down 10 percent since the beginning of 2006 against a basket of currencies of major trading partners, according to Federal Reserve figures. Growth Overseas Also, growth abroad is outpacing that in the U.S. The economy in the countries that use the euro expanded 2.5 percent in the year ended in June and China grew 12 percent, compared with a 1.9 percent increase in the U.S. ``The great news is exports are booming,'' Allan Hubbard, director of President George W. Bush's National Economic Council, said in an interview on Oct. 5. Chicago-based Boeing shipped 30 aircraft to foreign buyers in August, up from 25 a month earlier. GE, the world's biggest maker of turbines for power plants, projects revenue from outside the U.S. will increase to $130 billion by 2010 from $80 billion in 2006. Fairfield, Connecticut-based GE said this week it will supply six gas-turbine generators to Electricite de France SA in an agreement valued at more than $750 million. NCR Corp. Chief Executive Officer Bill Nuti said Sept. 26 he's focusing on boosting overseas sales of products such as self-service grocery checkout machines. `Great Opportunity' ``International is a great opportunity for us,'' Nuti said in a phone interview. One problem manufacturers have continued to highlight is China's growing trade surplus with the U.S. Some policy makers and factory owners have blamed China for keeping its currency, the yuan, artificially low to stimulate exports. The U.S. would like China to ``accelerate'' its efforts to make their currency more flexible, Hubbard said in the interview. A drop in oil costs may have helped push down the value of imports in August, economists said. The price of imported petroleum fell 1.3 percent after surging 6.4 percent in July, according to figures from the Labor Department. Oil prices will pose more of a problem for trade in coming months. Crude-oil futures reached a record close of $83.32 on the New York Mercantile Exchange on Sept. 20. The trade figures used in calculating gross domestic product exclude the effect of prices. By that measure, the deficit in July narrowed to $53.5 billion, the smallest since September 2004. Trade numbers in coming months will ``disconnect'' from the price-adjusted figures in coming months because of the jump in oil costs, said Jay Bryson, global economist at Wachovia Corp. in Charlotte, North Carolina. Trade ``probably will be a mild positive'' for third-quarter growth. A shrinking deficit contributed 1.32 percentage points to the second-quarter growth, the most since 1996.

To: energyplay who wrote (23953)	10/12/2007 2:29:07 AM
From: elmatador	Respond to of 217742

Oiling the export machine: Directors of 20 multinationals ask their respective governments to measures to improve commercial relations. Basically: cut the crap reach an agreement because we need to do business... Among the US multis: General Motors, Intel, Coca-Cola, Motorola e Citibank, and the Brazilians: Vale do Rio Doce, Gerdau e Embraer. Further: Cargill; Illinois Tool, Cummins; Alcoa and International Paper were also present. Used diplomatic language but: First thing they are asking to end double-tributation. Second, gave ultimatum to reach agreement by May 2008 Recipients of the message were: Allan Hubbard, director of President George W. Bush's National Economic Council Chief of Staff Dilma Rousseff. (She is eyeing candidacy for 2010 to succeed Lula. Therefore, making a mark with the big industries and getting visible in relations with the US is a significant boost for her)

To: energyplay who wrote (23953)	10/12/2007 7:37:26 PM
From: 8bits	Read Replies (3) \| Respond to of 217742

"I think Platinum fits this category better." Possibly however: uk.reuters.com query.nytimes.com Platinum demand: Strong demand indicated for the future... however the largest consumer of Platinum is for catalytic converters: resourceinvestor.com I jettisoned all of my Palladium and Platinum holding this week except to 10 ounces of Palladium.