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German firm in talks to purchase NYSE

Hoplite

Hoplite

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NYSE traders say yes to Germany, no to lederhosen | Reuters

(Reuters) - A German takeover of the New York Stock Exchange, the citadel of American capitalism, would have shocked its floor traders in years gone by. But not now.
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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?
 
Once the horse is out of the barn it's too late to close the door. This is globalization run amok.
 
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. No offense to Germany but they have a poor track record with economics as I recall it. Not counting recent history that is.
 
Though it sounds imminent, I don't think it will ever happen. You think this would ever be approved by the govt?
 
American said:
Though it sounds imminent, I don't think it will ever happen. You think this would ever be approved by the govt?
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I never thought Jeep would become a Chinese company. It's hard to predict the future.
 
Councilman said:
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. No offense to Germany but they have a poor track record with economics as I recall it. Not counting recent history that is.
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Surely you wouldnt advocate government intervention in the free market, would you?
 
Councilman said:
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.
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LOL give me a freaking break. US companies have bought up overseas targets for decades where as the rest of US have been barred from many industries in the US. Considering you all consider yourselves the bastion of the "free market" and "capitalism", then the way the US acts is highly hypocritical.. to say the least.

We don't need stocks possibly being manipulated by outsiders.
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........ seriously. You would rather have stocks being manipulated by insiders? How about NOT being manipulated by anyone?

No offense to Germany but they have a poor track record with economics as I recall it. Not counting recent history that is.
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Poor track record? Germany blows away the US for god sake. They took a shattered nation with no infrastructure and built it in a decade or two into a manufacturing power house that still "owns" the US on many economic statistics. If anything, especially recently, Germany is the model of a frugal common sense economy where as the US is the drunken sailor going amok in a whore house.
 
PeteEU said:
LOL give me a freaking break. US companies have bought up overseas targets for decades where as the rest of US have been barred from many industries in the US. Considering you all consider yourselves the bastion of the "free market" and "capitalism", then the way the US acts is highly hypocritical.. to say the least.



........ seriously. You would rather have stocks being manipulated by insiders? How about NOT being manipulated by anyone?



Poor track record? Germany blows away the US for god sake. They took a shattered nation with no infrastructure and built it in a decade or two into a manufacturing power house that still "owns" the US on many economic statistics. If anything, especially recently, Germany is the model of a frugal common sense economy where as the US is the drunken sailor going amok in a whore house.
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Who do you consider the bastion of free market? The US, that's who, and you know it. Hell if we weren't the center of most everything, you wouldn't be here on this American forum. You hate us because we are the biggest, the richest and the best. You hate our guts for it. Well let me tell your the secret to our success......HARD WORK and INGENUITY.
 
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Hoplite said:
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?
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We allow foreign companies to buy defense companies, which should be more of a concern than the NYSE. The stock exchange has to a large measure become an electronic trading platform. I don't see the problem with this transaction.

Also if we are going to be the largest debtor nation, then we have to allow for the lenders to have other investing alternatives than just treasury bills.
 
Hoplite said:
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?
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A similar thing is happening in Canada and I believe both are good things, or at least not bad..

It seems to me that the NYSE would have a greater effect on the German system than the Germans would have on the Americans and that, in Canada's case, it will give Canadian companies greater access to international capital.

If it doesn't work out well then new exchanges will be constructed or existing ones enlarged. There is no need for fear because, in both cases, they will be subject to local laws.
 
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American said:
Who do you consider the bastion of free market?
The US, that's who, and you know it.
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Depends on what market we are talking about. In general I dont know any more, but it is not the US as it once was. The US market in many areas resemble communist Russia more than the mythical American free market. You are protectionist and allow regional monopolies. You do not force the markets to open up for competition which screws over your own citizens. Airlines, Media, Steele, Pharma, telecommunications especially internet and so on.. have a shocking lack of competition and operate in "American" monopolies. So much for the "free market"

Hell if we weren't the center of most everything, you wouldn't be here on this American forum.
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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.

You hate us because we are the biggest, the richest and the best.
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I do not, and I repeat, DO NOT hate America. I just wish that some American's would not be as arrogant and blinded like you and with that drive the US deeper into the hole that Reagan started. Basically.. GROW UP and open your eyes.

You hate our guts for it. Well let me tell your the secret to our success......HARD WORK and INGENUITY.
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American productivity is not that good, compared to the number of hours you work... in fact it is rather pathetic. Your income inequality is worse than Egypt for god sake, and your society is far more divided along racial lines than you dare admit. You have a massive deficit and an out of control debt problem, and no plans what so ever to deal with it. Instead your political parties squabble over partisan issues instead of dealing with real issues that effect real Americans.

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 am not going to get into PeteEU's claptrap.

However, I don't really have a problem with this deal. The NYSE is already owned by stockholders, many of whom are most likely foreigners as it is. Also, it isn't as if it is the German government of a company controlled by some nefarious government. The Germans, while not perfect, are generally competant and transparant. Given that, I don't have a problem with this.
 
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.
 
donsutherland1 said:
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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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.
 
PeteEU said:
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.
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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.
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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.
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I see. Social networking is so insignificant.....
 
Goldenboy219 said:
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.
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I believe you're correct.
 
Goldenboy219 said:
Agreed. In terms of economic importance, the US is leaps and bounds ahead of any other economy.
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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.
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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.....
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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.
 
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