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i doubt it strongly : german minister try to talk down the us dollar
because the rise has been too steep
rising interests would hurt the economy too much : it has just started to
recover a little bit ; unemployment is still very high
the reason to talk down is to prevent imported inflation
boelbrandt@xxxxxx
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> Van: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
> Aan: MFauber@xxxxxxx; metastock-list@xxxxxxxxxxxxx
> Onderwerp: Re: Weekly Pick
> Datum: zondag 31 augustus 1997 18:58
>
> Mark,
> Thanks for your input. Anyone else? The more ideas we kick around,
> the more we all learn.
> I heard someone on CNBC say something about Germany trying to raise
> rates, but don't believe I have seen or heard it anywhere else.
>
> Jim
>
> ----------
> > From: MFauber@xxxxxxx
> > To: JimGinVA@xxxxxxxxxxxxx; metastock-list@xxxxxxxxxxxxx
> > Subject: Re: Weekly Pick
> > Date: Sunday, August 31, 1997 8:46 AM
> >
> > Guys:
> > For what it's worth (since you've always been so kind with your advice)
-
> my
> > thoughts on the market: The underlying US economy is sound with high
> > confidence and increasing productivity. Also, the balanced budget will
> > reduce the demand for money and, with it, interest rates. The "nifty
> fifty"
> > have taken some hits recently, and are due for them (the overall market
> > having risen 85% in the last 2-1/2 years). This is a pretty rosy
> picture,
> > but the international dependances aren't so nice. Asia, and possibly
> Latin
> > America, may undergo rising interest rates brought about by currency
> > problems. I've also heard it said that Germany is trying to raise
rates
> (can
> > anyone confirm this?). This will tend to slow our exports to these
> areas,
> > and dampen MNC earnings (ie., the nifty fifty and other big caps).
> >
> > All of this being said, I tend to agree with you, Jim. I think that we
> are
> > in for a consolidation phase but are still in a bull market. I think
> that
> > small caps have greater appreciation potential than large caps (no
> > quantifiable charachteristics to offer). As far as which sectors are
> better,
> > your guess is as good as mine.
> >
> > As usual, this and 25 cents .................good luck to all!!!!
> >
> > Mark
>
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