NYSE

Discussion in 'Politics' started by B_lrgeggs, Feb 16, 2011.

  1. B_lrgeggs

    B_lrgeggs New Member

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    Well, you have to admit Germany did a pretty good job at rebuilding herself. It's been about 65 years since the US defeated Germany and now
    a Germany company has just purchased controlling interest in the New York Stock Exchange. Great day for Germany. Sad day in the US.
     
  2. golf_beast19

    golf_beast19 New Member

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    What are you talking about? I don't understand why this really matters apart from a few Germans owning new stocks. :hmmm:
     
    #2 golf_beast19, Feb 16, 2011
    Last edited: Feb 16, 2011
  3. B_lrgeggs

    B_lrgeggs New Member

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    Well, if the trend continues you'll have your answer in about 10 years.
     
  4. SilverTrain

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    "The US defeated Germany."

    England, Russia, le Resistance--they helped a smidge.
     
  5. B_lrgeggs

    B_lrgeggs New Member

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    They certainly did! Sorry about that oversite
     
  6. Industrialsize

    Staff Member Moderator Gold Member

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    To the OP:
    It's best to include a link in your thread so that others may be able to read and learn about what you want to discuss. I found one for you. Feel free to find your own:
    NYSE parent to merge with German exchange
     
  7. poptarts

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    Eh this isn't a huge controversial ordeal. Germany is obviously the powerhouse of Europe from an economic standpoint (makes sense as they modeled their rebuilding economic scheme with a heavy focus on that of the US'). The real interesting thing to keep in mind is the fact that the EU is screwed without Germany...while Germany really doesn't need the EU anymore (went to a very interesting seminar about it which involved many foreign ambassadors from and around the region).
     
  8. Joll

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    This IS a big deal.

    NYSE merged with Euronext. Fine. Now they're planning to merge with Deutsche Borse, which will give control of the company to Germany (according to today's Times, which I cant link unfortunately, cos it's pay-to-read) - in order to build a globally powerful stock-exchange.

    There's competition issues, aswell as the fact that US loses overall control of it. We didn't want this when they tried to take over the LSE - not sure the US wants it either? Apparently tho, political opposition would be dropped if 'NYSE' came first in the new name (rather than control staying in NY). :S
     
  9. SilverTrain

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    Any truth to the rumors that have Japan purchasing a controlling interest in the US Postal Service, and Russia taking ownership of the city of Chicago?
     
  10. B_lrgeggs

    B_lrgeggs New Member

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    I am not a conspiracy theorist, but Germany has huge publising interests in the US, so it's not their best interest to make this a big deal. Plus, everybody is in everyone's bed....so it will be interesting how this shakes out. To me, the press is pedaling this much too softly..or as they say in German.."Treten viel zu leise..."
     
  11. houtx48

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    Aussie owns WSJ ............dumb ta dumb dumb da
     
  12. midlifebear

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    I'm waiting for the Republicans (it was initially a Republican forwarded idea) to sell off the US Ports. But the Dems blocked any such "business" before it actually happened. In time you'll be paying China the entrance fee to Yellowstone.
     
  13. B_lrgeggs

    B_lrgeggs New Member

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    Former Aussie. Rupert Murdoch is a naturlized American Citizen,
     
  14. Joll

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    Aaaand...German Gov is taking Daimler's stake in EADS....why?
     
  15. B_lrgeggs

    B_lrgeggs New Member

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    Good question....well, what's the word on the street?
     
  16. faceking

    faceking Well-Known Member

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    corrected for sarcastic American accuracy

    Hitler certainly helped too... fighting on too many fronts. Had he been a bit more patient, things woulda turned out a bit more differently.
     
  17. faceking

    faceking Well-Known Member

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    In all seriousness, not sure why this is a sad day, etc...

    The NYSE had prior merged w/ a European conglamorate (Dutch, French and a couple other exchanges)... one that the Germans (Deutsche Borsce [sp?) had tried to acquire at the time (or close to it as well... when it was flavor-du-jour).

    Even w/ all 4 or 5 exchanges combined... the actual business only generated 'round $5B in annual revenue (San Francisco-based, (plug for the last of the hometown teams) Wells Fargo Bank pulls in circa $75B a year).

    Despite getting a little beat up the past year, the NYSE (pre-Borse) was a well-run profitable firm. Classic "infrastructure efficiencies" via the new holding company.
     
    #17 faceking, Feb 20, 2011
    Last edited: Feb 20, 2011
  18. eurotop40

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    Non progredi regredi
     
  19. Joll

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    Seems Nasdaq is backing off from its counter-bid for NYSE (competition issues), leaving them free to merge with Deutsche Borse, pending EU competition approval.

    At the same time, a group of shareholders, etc. are opposing the planned LSE/TMX merger, to keep it in Canadian hands (slightly hypocritical, since they didn't mind buying a stake in BAA).

    Personally, I wouldn't be averse to an LSE/Nasdaq/TMX tie-up, to counter the might of NYSE-Deutsche. Would still only be worth £6+bn compared to the £20bn of the NYSE-Euronext/Deutsche group, but a US/UK/Canadian platform could be quite useful, especially if Euronext are forced to offload some assets such as Liffe in London. :)

    Thoughts on current stock exchange consolidation?
     
  20. midlifebear

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    Well, this is a bit of a digression, but right now is a great time to get a good deal on an E or C class Mercedes if you're in the USA. Their USA pricing is a tad below that of Lexus and slightly above a new Chevrolet Malibu, depending upon trim packages. Either this means Daimler has lowered it's quality manufacturing standards or there is some new untapped parity between the US Dollar and stuff shipped from Germany. Zoom, zoom.
     
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