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

To: TobagoJack who wrote (35703)	6/13/2008 12:02:29 AM
From: carranza2	Respond to of 219430

OT: Non-economic serious entertainment by a genius. I challenge you to find a theme: ted.com

To: TobagoJack who wrote (35703)	6/13/2008 1:03:48 AM
From: RJA_	Respond to of 219430

With German wholesale inflation at 8%+ I do not think ECB will wimp out. We will know results of Irish vote tomorrow. From: CRUSADER4TRUTH speaking of currency-http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/13/cneuro113.xml Notes printed in Berlin have more currency for bank customers who fear a "value crisis." Ordinary Germans have begun to reject euro bank notes with serial numbers from Italy, Spain, Greece, and Portugal, raising concerns that public support for monetary union may be waning in the eurozone's anchor country. Germany's Handelsblatt newspaper says bankers have detected a curious pattern where customers are withdrawing cash directly from branches, screening the notes to determine the origin of issue. They ask for paper from the southern states to be exchanged for German notes. Each country prints its own notes according to its economic weight, under strict guidelines from the European Central Bank in Frankfurt. The German notes have an "X" at the start of the serial numbers, showing that they come from the Bundesdruckerei in Berlin. Italian notes have an "S" from the Instituto Poligrafico in Rome, and Spanish notes have a "V" from the Fabrica Nacional de Moneda in Madrid. The notes are entirely interchangeable and circulate freely through the eurozone and, indeed, beyond. People clearly suspect that southern notes may lose value in a crisis, or if the eurozone breaks apart. This is what happened in the US in the Jackson era of the 1840s when dollar notes from different regions traded at different values. "The scurrilous idea behind this is that if the eurozone should succumb to growing divergences, then it is best to cling to most stable countries," said the Handelsblatt. "There are no grounds for panic. The Italian state is not Bear Stearns," it said. Germans appear to be responding to a mix of concerns. Many own property in Spain or Portugal and have become aware of the Iberian housing slump. A spate of news articles in the German press has begun to highlight the economic rift between the North and South of eurozone. There is criticism of comments from Italian, Spanish, and French politicians that threaten the independence of the ECB, viewed as sacrosanct in Germany. But the key concern appears to be price stability. Germany's wholesale inflation rate reached 8.1pc in May, the highest level in 26 years. The cost of bread, milk and other staples has rocketed, adding to the sense that prices are spiralling out of control. Ordinary people are blaming the new currency -- the "Teuro" -- a pun on expensive -- for their travails in the supermarket, even though the recent spike in farm goods and energy prices has nothing to do with monetary union. Inflation touches a very sensitive nerve in Germany. Holger Schmeiding, from Bank of America, said the country had suffered two traumatic sets of inflation in living memory, first in Weimar in 1923 and then in 1948. "People suffered a 90pc haircut on financial assets in the currency reform of 1948. The inflationary effects of two world wars were catastrophic," he said. A group of leading German professors warned at the outset of EMU that the euro would tend to be weaker than old Deutsche Mark, and that it would fuel inflation over time. German citizens were never given a vote on the abolition of the D-Mark, which had become a symbol of Germany's rebirth after the war. Many have kept a stash of D-Marks hidden in mattresses to this day. A recent IPOS poll showed that 59pc of Germany now had serious doubts about the euro. Reply

To: TobagoJack who wrote (35703)	6/13/2008 6:21:29 AM
From: elmatador	Read Replies (1) \| Respond to of 219430

For oil to go down, USD must go up. For USD to go up interest rates must to up. For inflation to go down, USD must go up. For USD to go up interest rates must go up. FED trying to discover: who will hurt most with USD as is today: The American economy, or the rest of the world economies? See threaten to de-rail the Euro to see how painfull it can be. Message 24672269 Note Japan is pointing the way: adapted to no-growth. Is that the way for OECD countries? Don;t forget those piles of USD kept by China and GCC oil exporters

To: TobagoJack who wrote (35703)	6/15/2008 12:02:15 AM
From: Rolla Coasta	Respond to of 219430

tj, Taiwan are sending military fleet to a disputed island and threaten war with Japan. That will affect your rock solid real estate values! news.yahoo.com Taiwan threatens to recall envoy to Japan over boat incident Fri Jun 13, 2:48 AM ET TAIPEI (AFP) - Taiwan on Friday threatened to recall its de facto envoy to Japan if Tokyo fails to apologise for the sinking of a Taiwanese fishing boat off a disputed island chain and release its captain. "We would consider it ... Recalling a representative is a very serious form of protest," Foreign Minister Francisco Ou said. Ou made the remarks when asked in parliament what the government would do if Japan refused to apologise for the incident or release the Taiwanese captain still being held by Japan. Since Tokyo recognises Beijing rather than Taipei, unofficial ties are handled by the head of the Taiwan Economic and Cultural Representative Office in Japan. Meanwhile lawmakers asked to board a navy ship to patrol the area to press Taipei's claim to the disputed islands, although the defence ministry has yet to grant their request. The incident occurred near uninhabited islands in the East China Sea known as the Senkaku in Japanese and the Diaoyu in Chinese. Japan administers the chain which lies near rich energy deposits, but it is also claimed by Taipei and Beijing. The captain of the fishing vessel the Lien Ho says his boat was rammed by a Japanese coast guard vessel before sinking about six nautical miles off the Diaoyus early on Tuesday, according to local media. The Japan Coast Guard claimed the Taiwanese boat made an abrupt move as it was speeding out of the contested area and crashed into the Japanese vessel. All 16 people on board -- 13 fishing enthusiasts and three crew -- were taken to Ishigaki Tuesday, an island in Japan's Okinawan chain south of the disputed territories. Except captain Ho Hung-yi, all the others returned home on Wednesday and Thursday. China, which insists Taiwan is part of its territory despite their split in 1949 at the end of a civil war, has also denounced the incident. Japan has claimed the island chain since 1895, but its dispute with China has intensified in recent years after potentially-rich gas reserves were found nearby.