Hallo,

Ich hatte das innere Bedürfniss, die Ausgabe 416 (Spät-Januar'01) vom The Privateer ins Deutsche zu übertragen. R.Deutsch hatte die Ausgabe partly gepostet, und ich was so fasziniert davon, daß ich mir die Mühe dazu gemacht habe - und ein 2-Jahres-Abo bei Bill Buckler abgeschlossen habe.

Ich stelle den Text hiermit dem Forum zum Lesen zur Verfügung. Da ich kein professioneller Analyst bin und auch nie WiWi studiert habe, kann es sein, daß ich manche Passage nicht ganz korrekt übersetzt habe. wem was auffällt, kann mir Bescheid geben, damit ich es korrigiere.

JüKü, der Herr Tiggemann wollte den Text auch nochmal von mir, kannst du mir seine E-Mail schicken?

Bitte sehr. Hier kommt er.
SchlauFuchs

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Wirklich klasse! Die eMail-Adresse von Herrn Tiggemann habe ich nicht, er hat bisher immer einen Freund schreiben lassen. Aber er liest ja hier mit ("The Raven").

>Hallo,
>Ich hatte das innere Bedürfniss, die Ausgabe 416 (Spät-Januar'01) vom The Privateer ins Deutsche zu übertragen. R.Deutsch hatte die Ausgabe partly gepostet, und ich was so fasziniert davon, daß ich mir die Mühe dazu gemacht habe - und ein 2-Jahres-Abo bei Bill Buckler abgeschlossen habe.
>Ich stelle den Text hiermit dem Forum zum Lesen zur Verfügung. Da ich kein professioneller Analyst bin und auch nie WiWi studiert habe, kann es sein, daß ich manche Passage nicht ganz korrekt übersetzt habe. wem was auffällt, kann mir Bescheid geben, damit ich es korrigiere.
>JüKü, der Herr Tiggemann wollte den Text auch nochmal von mir, kannst du mir seine E-Mail schicken?
>Bitte sehr. Hier kommt er.
>SchlauFuchs
><iframe src="http://hackemesser.bizland.com/priv-416.html" width="600" height="400" > <a href=http://hackemesser.bizland.com/priv-416.html>http://hackemesser.bizland.com/priv-416.html</a></iframe>


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O'Neill Insists U.S. Wants Strong Dollar

PALERMO, Italy (Reuters) - U.S. Treasury Secretary Paul O'Neill, aiming to reassure confused financial markets, insisted on Saturday the U.S. stance in favor of strong dollar had not changed.

After arriving at his first Group of Seven meeting to find himself enveloped in controversy, O'Neill said the position of the new Republican administration was ``exactly the same'' as that of former Democratic President Clinton.

O'Neill, fresh on the job after leaving his post as chairman of Aluminum giant Alcoa, plunged headlong into a firestorm after he was quoted in a German publication as saying the administration was not actively pursuing a strong dollar.

Asked about the dollar policy at a news conference following the G7 gathering, O'Neill dismissed suggestions of a covert policy shift adding that any such change would be announced openly and to a wide audience.

``If in the future I should ever decide -- or the President should decide -- that I should change my stance or our stance about the commitment to a strong dollar which is exactly the same thing as (former U.S. Treasury) Secretary (Larry) Summers and Secretary Rubin have had -- the idea of a strong dollar, then I will hire Yankee stadium,'' he said.

Referring to the legendary New York baseball stadium, O'Neill added for good measure he would also hire a brass band.

``And I will announce to you that we have decided to change our policy,'' he said.


NOT A SINGLE QUESTION

Asked at a separate briefing whether his G7 counterparts had asked him if the dollar policy had changed, he responded: ''Not a single question.''

From the moment the comments in Germany's Frankfurter Allgemeine Zeitung newspaper hit newswires on Friday, they sent the dollar lower, prompting him to say, through a spokesperson, that the dollar policy had not changed ``at all.''

Although the dollar got a bounce from that rebuttal, it failed to put to rest confusion among investors and his Group of Seven partners about what the U.S. dollar policy actually was.

At Saturday's news conference, O'Neill said he had been misinterpreted, adding that in the future, when speaking about currencies, he would keep his comments simple.

``I made a mistake in assuming that was okay to talk about the intellectual fabric around that subject,'' he said. ``It's not possible to do that, so I'm not going try again. I'll leave it to the graduate schools of the world to do that job.''

In part because of his background as an industrialist, O'Neill, from the day he was tapped by Republican President George Bush for the treasury job, has not been able to escape speculation that he might be sympathetic to a weaker dollar as a tool to spur an ailing manufacturing sector.

At his January 17 Senate confirmation hearing, his very first statement to lawmakers was about the dollar.

``I thought, in the interest of not wasting a lot of television footage, I should say, at the very outset I am in favor of a strong dollar,'' he said. ``I can't imagine why anyone would think otherwise.''


LAISSEZ FAIRE?

At least one European official, who spoke on the condition of anonymity, was giving the administration the benefit of the doubt.

``They are for a laissez-faire policy (on the currency),'' the source, who was closely involved in preparations for the Group of Seven talks, told Reuters.

``They will not talk down the dollar. They have done it in the past. They will not do it now,'' the source added.

In addition to the stir over the currency comments, there were some rumblings of concern prior to the G7 meeting that the new administration might want to be less engaged in global cooperation.

But European Central Bank President Wim Duisenberg said he was confident that the relationship forged with the U.S., which backed ECB currency intervention last year, was still intact.

``...I must say this first encounter that we had with the new U.S. Treasury Secretary gave the impression that we can continue doing business in the same cooperative spirit that we have experienced over the past years with our partners in the U.S...,'' Duisenberg said.

``Mr. O'Neill...came here in a very modest spirit of trying to learn more than to teach more.''


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Hallo Schlaufuchs,

den Tiggemann erreichst du über: w.schuetz@wtal.de
(ist der Wolfgang, der mit ihm beim Treffen war)

Tolle Arbeit hast du gemacht, DANKE!!!!

Ansonsten mach ich mich ein bisschen rar zur Zeit, ich ersticke mämlich in Arbeit.

Gruß Franz

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