Word: naud
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Even if it doesn't, however, there's little chance U.S. officials will respond to the dollar's decline any time soon. David Naudé, euro-zone economist for Deutsche Bank in Paris, says there's absolutely no sign American authorities are ready to forsake the short-term trade benefits of what he calls "the policy of benign ignorance" toward the dollar...
...absence of a reversal from within the U.S itself, Naudé says about the only thing the European Central Bank can do to undercut the dollar's slump is lower its own interest rates to create a degree of inflation to counterbalance any further rise in the euro's value. But that does nothing to undercut its appreciation outside the euro zone...
...Along with many other economists around the globe, however, Naudé adds that letting the dollar's value decay in the medium and longer term will send a terrible message to foreign investors about the U.S. economy as a whole. "In wider terms, the dollar reflects the richness of the American economy, and a cheapened, sliding dollar will eventually send the same economic image out abroad," Naudé says. That could influence the foreign banks and give investors injecting $3 billion worth of capital required every day to keep the U.S. economy growing second thoughts about where they place their...
...those reasons, Naudé predicts U.S. policy will eventually move to buck up the dollar against the euro and other currencies once again. Just don't look for that to happen any time soon - or as a result of European pressure...
...Electricité de France. That, Gaymard hopes, will stimulate economic growth that, at 2.3% in 2004, was below government estimates of 2.5%. Surprisingly, Gaymard is predicting the same for this year. "Given commodity prices like oil rising, we should count on lower growth next year, not higher," says David Naudé, senior euro-zone economist for Deutsche Bank in Paris, which forecasts 2% in 2005. Gaymard's other idea for encouraging growth: sparking consumer spending with his tax cuts. Sounds like supply-side thinking, American style. Merge or Purge? The consumer-products industry seems to be on a binge-purge...