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Posted by
BradyNet
(
Friday, October 31, '03
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Everyone likes PETS ... and when it hits the AMEX ...
Pilly / Danni - others - given the pending BK decision should colores buy MCI Group (MCWEQ.PK) - I see major volume late yesterday ...
Gameplan of the National Security Council of US?
It is hard to know who in the Kremlin works for Russia and who works forUS(directly or indirectly). It gets very hard for other countries to trust and deal with Russia.
Considering the float and the average volume the above block that was crossed minutes ago in the pre-market for TISA is very significant.
It is very true. Many rich politicos (generally made rich via politics, = simply robbing legally society’s resources without creating any wealth, …..and robbing from poverty programs also) in my caribbean country take up the cause of the poor in a cynical way.
<Warren Buffett says that because of concern over the weakening dollar and the federal government's growing deficit, his company, Berkshire Hathaway Inc., has for the first time made significant investments in foreign currencies. In an essay published in the Nov. 10 issue of Fortune magazine, Buffett writes, "Through the spring of 2002, I had lived nearly 72 years without purchasing a foreign currency. Since then Berkshire has made significant investments in - and today holds several currencies. . . . To hold other currencies is to believe that the dollar will decline. "Both as an American and as an investor, I actually hope these commitments prove to be a mistake. Any profits Berkshire might make from currency trading would pale against the losses the company and our shareholders, in other aspects of their lives, would incur from a plunging dollar." ……… Buffett warns that the country's net worth is being transferred abroad "at an alarming rate," especially in the last five years. The U.S. annual trade deficit now exceeds 4 percent of gross domestic product, up from 1 percent in the late 1970s, he says. ......
Buffett described the country's behavior as that of an extraordinarily rich family that possess an immense farm that consumes 4 percent more than it produces, sells pieces of the farm and increases the mortgage on what it owns. "Equally ominous, the rest of the world owns $2.5 trillion more of the U.S. than we own of other countries," he said. "Some of this $2.5 trillion is invested in claim checks - U.S. bonds, both governmental and private - and some in such assets as property and equity securities."
And, Buffett writes, foreign ownership in the United States will grow at about $500 billion a year at the present level of the trade deficit. He equates that to adding 1 percentage point annually to foreigners' net ownership of the country's national wealth. To curb the country's growing deficit problem, Buffett recommends using "Import Certificates" to U.S. exporters that are equal to the dollar amount of the exported goods. For example, for the United States to accept $1 million in imported goods, the trading country must take U.S. certificates valued at $1 million in U.S. exports. ........
The Import Certificates would not penalize certain industries or products, he said. He concedes that the certificates would increase the price on most imported and domestic goods. ....
The pain of higher prices, he writes, "dims beside the pain we will eventually suffer if we drift along and trade away ever larger portions of our country's net worth." "This plan would increase our exports and might well lead to increased overall world trade. And it would balance our books without there being a significant decline in the value of the dollar, which I believe is otherwise almost certain to occur." …..>
Pero, por lo menos, servirán para mostrar lo ancho que es el abismo que separa lo que el jefe de los bonistas, Nicola Stock, calificó de “una mentalidad quizás un poco argentina” de las formas de pensar de los demás.
Los europeos suponen que los líderes de la clase política criolla se las han ingeniado para estafar primero a sus propios compatriotas para después ponerse a desvalijar a los giles de otros países y quisieran que les devolvieran su plata.
Por su parte, los voceros kirchnerianos dicen que los bonistas merecen estar en la vía por haber tomado en serio el verso menemista-neoliberal y que de todos modos si presionan demasiado quienes se verán perjudicados serán los argentinos más pobres, lo cual es sin duda alguna verdad.
En principio, las dos posiciones no son tan incompatibles como a primera vista parecen.
Por lo menos, no lo serían si los negociadores del gobierno reconocieran tener como rehén a la mayoría de la población que es pobre. Es que, como Stock tuvo el pésimo gusto de mencionar, todavía hay dinero más que suficiente en manos argentinas como para solucionar el problema planteado por la deuda.
De haberlo querido, también pudo haber señalado que muchos miembros de la élite política, entre ellos Kirchner, Eduardo Duhalde, Rodríguez Saá, Ramón Puerta, Carlos Menem, etc, son hombres ricos, en algunos casos muy ricos, detalle éste que les hace parecer hipócritas las frecuentes manifestaciones de solidaridad hacia los pobres que formulan los nada famélicos emisarios argentinos.
Nice weekend to all.
U nas "nedra prinadlezhat narodu" - ottogo oilmeny pyut mnogi vodki - chtoby uspokot' nervy.
Koroche precedenta NE budet.
Good!
Exactly!... <mandrills> and fund managers like <Naim, Kassin and Rossi> that put their bonueses before the interest of their clients will have particular difficults covering their Guano shorts.
The news that we are receiving from Guano could not be better.
1) Inflation at an historic low of 0% (so much for the competitveness issue)
2) Tax reform going to congress the next week,
3) Use of cash reserves to buy back debt
4) The third IMF revision almost a done deal as the IMF has been instructed to avoid a Bolivia part II in Ecuador,
5) Oil closer to 30 than to the budget's 18.
<Richard Perle, a hawkish policy adviser whose voice is heard in the Pentagon, has called for Russia to be expelled from the Group of Eight industrialized countries over the arrest of Yukos CEO Mikhail Khodorkovsky.>
http://www.themoscowtimes.com/stori...
Good.
Do not know that Turtle, seems like futures are trading lower, but anyway, market still above 18.000 very close to year highs! Think you will feal great after taking your profits! It was realy a nice year, today last day of october, they can hold this market one more day, but do not think they can hold it any longer!
Smart decision! Nothing goes up forever!
Maybe something like "Buy russian shares you bloody speculants if you do not want to share Khodor's fate" :-)))
<Rosneft> he-he who khows.
But tell me how on earth can you imagine a cash cow like yukos without an owner? Say, think seriously of Putin daughters - they will need a marriage portion soon.
"We said: we have one single money bag to pay from and in that money bag there is 3% of our production activity which is what allows us to partially meet our obligations abroad and meet our obligations with our people and grow," Lavagna said in a television interview late Wednesday
Some creditor groups have called for Argentina to raise its primary surplus targets to allow it to come up with more money for debt payments in order to improve its offer to creditors. Lavagna angrily rejected such pressure.
"Some want a 5%, a 6% (primary surplus), some have even had the audacity of saying why not like Ecuador, which paid 10% (of its GDP). We aren't going to do this. Because if we were to (do so), we would have to lift taxes or reduce social or education spending... Those that speak of improving (the surplus) let them say the truth, they are on the side of the creditor, they aren't on the side of the Argentines," Lavagna said. The official didn't make it clear whether this meant Argentina wouldn't lift its primary surplus target above 3% of GDP in 2004 and 2005…….>
wsjBondholders who represent only one third of total Guano's debt, have done it already extending payments beyond 2012.
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