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Politics : Ask Michael Burke
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To: valueminded who wrote (67917)9/20/1999 10:43:00 AM
From: Knighty Tin  Read Replies (3) of 132070
 
Chris, As I mentioned in my previous post, I expect many interventions on the way to the 79 yens to the dollar level. This is one of them. The problem is, you can weaken the yen against other currencies, but whatever reckless inflationary moves the BOJ makes, AG is likely to trump them by a doubly reckless move in the buck. That is why I have been emphasizing Swissies and Euros lately. But if the Yen falls, I'll be back in in spades.
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