Article

2005-11-09 Europe

Euro May Decline for a Fourth Day as French Rioting Escalates

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Posted by Steve White 2005-11-09 00:00|| || Front Page|| [11128 views since 2007-05-07] Top

#1 does the bad management ever stop?

Posted by 2b 2005-11-09 00:19|| 2005-11-09 00:19|| Front Page Top

#2 I posted this late on yesterday's thread but here again - YAHOO!!!!!!!!!!!

And if I were a stockholder, he's playing w/my money - not his:

Warren Buffett's Berkshire Hathaway reduced a bet against the US dollar after losing more than $US900 million ($1.23 billion) from foreign currency investments this year.

Mr Buffett, who has said the US trade deficit would weaken the US dollar, cut his foreign-currency forward contracts to $US16.5 billion in September from $US21.5 billion in June, Berkshire said in a statement. The US dollar in July reached a 13-month high against a basket of six major currencies.

"To his credit, he reduced his exposure before the recent run-up of the dollar cost him more," said Tom Russo, a partner at Gardner Russo & Gardner in Lancaster, Pennsylvania.

Posted by anonymous2u 2005-11-09 00:26|| 2005-11-09 00:26|| Front Page Top

#3 If only Soros was as lucky.

Posted by Doolittle 2005-11-09 00:56|| 2005-11-09 00:56|| Front Page Top

#4 Yup, the looney liberals' wizard lost about a $billion, lol.

Posted by .com 2005-11-09 01:06|| 2005-11-09 01:06|| Front Page Top

#5 Massive unemployement, no GDP growth and weeks of riots will do that to a currency.
See America for currency fix solutions.

Posted by mmurray821 2005-11-09 09:56|| 2005-11-09 09:56|| Front Page Top

#6 Buffet bet on the Current Accounts Defecit not the interest rate differential... a rare bad bet.

Posted by Shipman 2005-11-09 11:20|| 2005-11-09 11:20|| Front Page Top

#7 Wow. It plummeted all the way from 1.1805 to 1.1760. That's about 0.3%. Big Furry Deal. It probably wiggles that much in normal day-to-day trading.

It's like the news reports that stocks "surged" by 100 points on some news or other.

Posted by Jackal">Jackal 2005-11-09 11:23|| home.earthlink.net/~sleepyjackal/index.html]">[home.earthlink.net/~sleepyjackal/index.html] 2005-11-09 11:23|| Front Page Top

#8 Ship's right - it's an interest rate play. I did a stat analysis wayyy back on the dollar / DM exchange rate; something like 60-65% of the change in that exchange rate was due to the changes in interest rates (can't remember if I used Fed / Bundesbank rates or T-notes and the German equivalent, but that's the gist of it).

Posted by Raj 2005-11-09 11:42|| 2005-11-09 11:42|| Front Page Top

#9 Warren's likely to get whipsawed.

Posted by KBK 2005-11-09 13:35|| 2005-11-09 13:35|| Front Page Top

#10 Whenever I hear about Warren Buffet, having heard about his odd mansion outside Omaha, NE, I picture him in a green bathrobe, wearing bunny rabbit slippers, in front of his computer, on the internet to some commodoties house, and on two cell phones at once, screaming, "SELL! SELL!"... SCARY!

Posted by BigEd 2005-11-09 15:39|| 2005-11-09 15:39|| Front Page Top

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