Request Advisory A theme park is a place where there is an occupancy of many attractive and thrilling rides based on an individual theme or a combination of two. Usually, it includes different type of rides, along with a variety of shops, restaurants, and many other entertainment units.
Does that mean it's deja vu for currency investors? In SeptemberSoros Fund Management sold huge amounts of sterling in the belief that its value, then artificially pegged to other European currencies, was wildly excessive.
Is history repeating itself? Will the pound once again get crushed under Soros' selling pressure? No and no, currency experts say. Sterling is not going to collapse. Sterling has had a solid run recently. In the last year, it is up 20 percent against most of the major European currencies; it has risen 40 percent against the mark since and settled Tuesday at 2.
Soros never discusses his trades. But if he has a bet against sterling, it is almost certainly a response to its recent strength. The pound is nowhere near its levels. Sterling had just joined the European exchange-rate mechanism, an agreement that kept European currencies relatively stable vs.
But its value was unsustainably high. After Soros' sales hit, "Nobody knew where it could fall to," McCarthy recalled, and the currency plummeted.
That is not the case today. Significant gains made by hedge funds in sterling this year make the currency vulnerable to some profit taking but not a rout. The fundamentals that have made sterling popular are beginning to change. Its strength has partly resulted from relatively high yields in Britain.
A one-year sterling deposit yields 7. While other yields in Europe have fallen recently -- Italy's rates have fallen to 5 percent from 12 percent -- Britain's remain high. While some investors thought Britain's central bank might raise rates, a weakening British economy makes that less likely. A sharp slowdown in gross domestic product growth to 1.
That means less fresh money going into sterling. Another favorable influence on sterling had been uncertainty about the euro, which will replace the currencies of 11 countries in the European Union next January.
As long as the euro was on the drawing board, fund managers preferred the relative safety of sterling or Swiss francs, whose countries will not immediately participate in the euro. Now that details of the euro have been resolved, participating countries look much more stable, which has caused some selling in sterling.
Even so, a style free fall seems unlikely. McCarthy said, "Somebody's simply coming in and saying this currency is overvalued. Announcements of day moving averages, stochastics, polynomials, and other such esoterica ensure one thing However, I thank you in advance for all your inevitable, plentiful compliments.
Trinovant Wed May 13 He did say on November 17, that Asia may be on the verge of a "great depression", because of a shaky Japanese banking system and a weak, indecisive government. He also said, elsewhere: Taking measures to prevent this is "very difficult.
HOWEVER, Steve Peutz has noted that said Professor has called for a Keynsian 'aggressive expansionary monetary policy' in Germany, to forestall recession, and also said that German monetary policy has been too tight and that too much focus is being put on deficit reduction as part of efforts to achieve monetary union in Europe.
According to Peutz, the Professor's plan would make the German 'debt trap' even larger. Loosen monetary policy and to hell with the deficit? Now let's "think long and hard" about Professor R D's fix for Japan: Over the next two decades the government requires a gigantic amount of money to meet its liabilities.Gold Discussion for Investors and Market Analysts Kitco Inc.
does not exercise any editorial control over the content of this discussion group and therefore does not necessarily endorse any statements that are made or assert the truthfulness or reliability of the information provided. Urban Palimpsests and the Politics of Memory Andreas Huyssen STANFORD UNIVERSITY PRESS STANFORD, CALIFORNIA Present pasts: urban palimpsests and the politics of memory I Andreas Huyssen.
markets. That something, I would suggest, is a slow but palpable transfor-. Six Flags, on the other hand, charges a much more affordable price for their ticket. Yeah, souvenirs and food are more expensive than poorly made stuffed animals and unidentified fried objects have the right to be, but the math points to an obvious victor.
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When Walt Disney World opened in , much of the marketing for the resort was based off descriptions of a grander, larger version of Disneyland—which is what the company expected Florida to become before and .
TEAM __ - Marketing Plan (Sample) MKTG , Fall The two new target markets Six Flags is going to cater to are families and 21+ young adults. Although the numbers are bad for Six Flags, a marketing initiative .