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Thread: German firm in talks to purchase NYSE

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    Re: German firm in talks to purchase NYSE

    IMO, the transaction would be mutually beneficial to both countries. Moreover, it would not damage competition, but strengthen it given the increased access to capital that should become available to both parties. Moreover, as it is not anti-competitive, I expect no problems with the acquisition being permitted by regulators to be completed.

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    Re: German firm in talks to purchase NYSE

    Quote Originally Posted by donsutherland1 View Post
    IMO, the transaction would be mutually beneficial to both countries. Moreover, it would not damage competition, but strengthen it given the increased access to capital that should become available to both parties. Moreover, as it is not anti-competitive, I expect no problems with the acquisition being permitted by regulators to be completed.
    Agreed.

    Correct me if i am wrong Don, but i believe Deutsche Boerse is owned primarily (slight majority) by US based firms such as BlackRock, Atticus Capital, etc.... So even if Deutsche Boerse controls 63% of the new company, the largest shareholders will still be American entities.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: German firm in talks to purchase NYSE

    Quote Originally Posted by PeteEU View Post
    You are the center of almost everything because of being the biggest single market (for now), plus historical reasons (only nation to survive WW2 with its production system intact) and of course the biggest gun (50%+ of the worlds defence budget). Politically you also were a beacon for the rest of us.. but Bush pissed that away pretty nicely.
    Agreed. In terms of economic importance, the US is leaps and bounds ahead of any other economy.

    American productivity is not that good, compared to the number of hours you work... in fact it is rather pathetic.
    Outside of Luxembourg, Norway, and Ireland (with extremely small populations), US worker productivity is no.1 in the world.

    BTW, productivity is output per hours worked.

    As for ingenuity... much of that is imported and always has been, but that is exactly what the US has been good at... exploiting the inventions of others into mass production for the good of everyone. The US has rarely "invented" anything significant... note the "rarely", does not mean never.
    I see. Social networking is so insignificant.....
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: German firm in talks to purchase NYSE

    Quote Originally Posted by Goldenboy219 View Post
    Agreed.

    Correct me if i am wrong Don, but i believe Deutsche Boerse is owned primarily (slight majority) by US based firms such as BlackRock, Atticus Capital, etc.... So even if Deutsche Boerse controls 63% of the new company, the largest shareholders will still be American entities.
    I believe you're correct.

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    Re: German firm in talks to purchase NYSE

    Quote Originally Posted by Goldenboy219 View Post
    Agreed. In terms of economic importance, the US is leaps and bounds ahead of any other economy.
    You are the biggest market.. go figure!

    Outside of Luxembourg, Norway, and Ireland (with extremely small populations), US worker productivity is no.1 in the world.
    BTW, productivity is output per hours worked.
    Problem with productivity numbers is that they include the sectors like financials, which frankly dont require much man power or productivity to do. Hence the numbers are skewed, which is why Luxenbourg is top. Norway is top because of its oil, and the US is top because of its massive consumer economy.

    But looking at your stats from OECD (your link dont work btw) you find something very striking. Lets take two powerhouses... the US vs Germany.

    The average US worker works 1681 hours a year and creates 57.4 GDP per worked hour.
    The average German worker works 1390 hours a year and creates 53.3 GDP per worked hour.

    Considering the German worker works almost 300 hours LESS a year (17% less) and yet manages to only do 4.1 GDP (7% less) less per worked hour... then I would claim that the German worker is far more productive with the time he puts into his work than American's are.

    I see. Social networking is so insignificant.....
    You mean Facebook? Well if it was not because of Sir Timothy John Berner's Lee, a UK citizen.. aka a Brit, there would be no Facebook.
    PeteEU

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    Re: German firm in talks to purchase NYSE

    Quote Originally Posted by Hoplite View Post
    NYSE traders say yes to Germany, no to lederhosen | Reuters



    NOTE: The original title of this article was "NYSE traders say yes to Germany, no to lederhosen" however that was not descriptive and said nothing about the content of the article. If the Moderators disagree with my decision to clarify the title, feel free to change it back.


    I'm interested in hearing from the pro-Capitalist Americana side of this. Should ANYTHING be for sale?
    Maybe not ANYTHING...but I don't see the problem with this particular sale. I don't see anything wrong with a private German company buying a private American/French/Dutch company. Do you find something sacred about the New York Stock Exchange in particular, and if so, what?

    Sorry, the fact that it's famous is not a good enough reason to prevent the sale.
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  7. #27
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    Re: German firm in talks to purchase NYSE

    Quote Originally Posted by Goldenboy219 View Post
    Agreed.

    Correct me if i am wrong Don, but i believe Deutsche Boerse is owned primarily (slight majority) by US based firms such as BlackRock, Atticus Capital, etc.... So even if Deutsche Boerse controls 63% of the new company, the largest shareholders will still be American entities.
    Not that I doubt you but do you have any links cooperating this? I am just curious on its ownership since I have not been able to find anything on it other than the company was set up in 1993. The shareholder make up seems very hard to find.
    PeteEU

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    Re: German firm in talks to purchase NYSE

    Quote Originally Posted by Councilman View Post
    This is one of many things that should remain under U.S. control like all of our defense industries which I am sorry to say some parts which are already vulnerable to the whims of Nations which could become of questionable loyalty at the wrong time.

    We don't need stocks possibly being manipulated by outsiders.
    How exactly do you think stocks could be "manipulated by outsiders" if the NYSE was owned by Germans, instead of by the Americans/French/Dutch who currently own it? Do you understand how a stock market works? Moreover, why would any company agree to sell its stock (or traders want to buy stock) on a market if the price was being manipulated by outsiders?

    Quote Originally Posted by Councilman
    No offense to Germany but they have a poor track record with economics as I recall it. Not counting recent history that is.
    And this has what to do with the New York Stock Exchange?
    Are you coming to bed?
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    Re: German firm in talks to purchase NYSE

    Quote Originally Posted by PeteEU View Post
    You are the biggest market.. go figure!
    Economic importance is a statistic used to minimize the weight in which population figures into an economy. GDP x GDP/capita = economic importance.

    Problem with productivity numbers is that they include the sectors like financials, which frankly dont require much man power or productivity to do.
    Your opinion is noted.

    But looking at your stats from OECD (your link dont work btw) you find something very striking. Lets take two powerhouses... the US vs Germany.

    The average US worker works 1681 hours a year and creates 57.4 GDP per worked hour.
    The average German worker works 1390 hours a year and creates 53.3 GDP per worked hour.


    Considering the German worker works almost 300 hours LESS a year (17% less) and yet manages to only do 4.1 GDP (7% less) less per worked hour... then I would claim that the German worker is far more productive with the time he puts into his work than American's are.
    Go back and re-read this comment, and figure out the error. Here's a hint: do the arithmetic!

    You mean Facebook? Well if it was not because of Sir Timothy John Berner's Lee, a UK citizen.. aka a Brit, there would be no Facebook.
    Some sort of straw man? If you want to discuss who invented the internet using which nations resources, create a thread about it. None the less, American ingenuity is second to none.
    Last edited by Kushinator; 02-13-11 at 06:03 PM.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: German firm in talks to purchase NYSE

    Quote Originally Posted by PeteEU View Post
    Not that I doubt you but do you have any links cooperating this? I am just curious on its ownership since I have not been able to find anything on it other than the company was set up in 1993. The shareholder make up seems very hard to find.
    Source

    10char
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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