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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: MythMan who wrote (64166)9/24/1999 6:50:00 PM
From: Cynic 2005   of 86076
 
<<As hard as it is to imagine, it seems the dollar/yen is being targeted much as the Asian Pacific currencies were in the fall of 1997. It is in a rout, and officials remain steadfast disavowing any intention to intervene. With the estimated $100 trillion of derivatives floating around the globe, I suspect that these monetary bodies, even the powerful BOJ and our own Fed, are not big enough to be able to sway the "piling on the dollar" that we described several weeks ago before the current dramatic declines of recent weeks. >>

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