Monday Dec 05, 2005 Whatever happened to the "twin deficits"? By J. Christoph Amberger The Taipan Group’s 247profits e-Dispatch Baltimore, New York, Chicago, Berlin, Bonn, London and Paris December 5-6, 2005 *********************************************** ***St. Nikolaus, Santa’s German brother… ***Whatever happened to the “twin deficits”? ***The phones are ringing off the hook and seats are filling up fast. Our China Expert, Brit Ryle, is not only revealing his favorite “money-in-the-bank” investment in the booming Chinese economy, but a SECOND ONE! The only way to hear about both of these opportunities is the teleconference scheduled for December 6. Please hurry… time is running out! *********************************************** Dear Friend, In Central Europe, St. Nikolaus makes the rounds at night on December 5, stuffing candy and small toys into the boots children have put outside their doors for just that purpose. This tradition has a dual benefit: It diffuses some anticipation children have in regard to Christmas. And it used to guarantee that the kids’ boots got polished once a year at a minimum. My kids were raised with the impression that Nikolaus undertakes a special tour across the Atlantic after he’s done filling boots in Europe - but only for those kids who happen to have a German parent. Since the Easter Bunny incident last year - my six-year old daughter discovered that he is really an unshaven middle-aged guy with bed hair and an old Taipan T-shirt - none of my offspring really believe in mythical gift bearers. Still, the boots were piled up at the door this morning already. I have a feeling that a sweaty St. Nikolaus in a warm-up suit and with bruises on his arms and rib cage will have to stop by at the supermarket for some holiday candy… right after he’s done fencing. ***Talking about the Demise of the Dollar: Following a gain of 15% on the euro over the last six months, the greenback is now at a 32-month high against the yen after Japan’s finance minister and central bank governor signaled the currency’s decline this year is “acceptable.” In fact, the Japanese yen is set for the biggest annual drop against the dollar since 1979. Much like China, Japan depends on a weak local currency (relative to the dollar) to maintain and grow export levels. After all, it’s not like either country could grow based on domestic demand alone! Cheap yen and yuan help keep prices low and dollars rolling in. It should be pointed out that the recent gains in the US dollar have occurred without the at times ham-fisted intervention of the Bank of Japan (BoJ), which up until a short time ago liked to intervene in the currency markets, buying large amounts of US currency to prop up the dollar against the yen. Of course, pundits like to explain that foreign-exchange rates “reflect fundamentals of economies.” Which leads them to argue that the decline of the dollar over the last two years was the logical and linear result of the much-touted US “twin deficits.” Maybe I skipped a line reading the papers today… but I was unaware that anything substantial had changed about the up until last week “unsustainable” level of the US boom. ***Taipan Lifetime members, please remember to take advantage of tomorrow’s featured conference call with Brit Ryle at 1 P.M. EST. Brit will give you a glimpse of developments in China over the coming twelve months. Check here for the details. Earnings Announcements for Tuesday, December 6, 2005: ADE Corp., Angelica Corp., Brocade Communications, Kroger Co., Sanderson Farms Inc., and Sears Holdings Corp. are releasing earnings. Brought to you by your FREE American Capitalist. Sign up here. ***Quote of the Day: “This weekend on CBS, a movie about Pope John Paul II. It’s fascinating. For instance did you know the Pope kept the Popemobile in the Pope Cave?” --David Letterman, December 2, 2005 ***DESK OF DENHOLM*** This just in from Taipan’s resident Editor-at-Large, Martin Denholm: Martin is gallivanting around town with his brother, who’s in Baltimore on a visit. He’ll be checking in with his loyal readers later this week. ***TAIPAN TIDINGS*** *** “How a Cold-Blooded KGB Shakedown Could Hand You 458% by January 31, 2006.” If you don’t mind profiting from the ruthless political shakedown of a Russian billionaire, you could make 5 times your money by January 31, 2006. Maybe a whole lot more. We’ve just released this report containing all the critical details. Don’t miss it. J. Christoph Amberger Executive Publisher and The Taipan Group’s 247profits e-Dispatch Team P.S. ** Its competition - eliminated. ** Its board of directors - hand-picked. ** Its new technology - fast-tracked. ** Its backers - unknown… until now. Government-Created “Super Corporation” Monopolizes the US Energy Market! In just a few days, this US government-backed company will unleash technology that could hand you gains of 127% by February 1!     =========================================== Keep the e-Dispatch coming to your mailbox! If you enjoy reading the e-Dispatch, help us out by “white-listing” our service… before delivery is interrupted. You can find the details here. A big thanks in advance from your faithful e-Dispatch team. ===========================================   Now made available for e-Dispatch Readers Only! Visit the 247profits e-Dispatch Blog. We update it daily. 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