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Politics : Ask Michael Burke

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To: BGR who wrote (77292)3/9/2000 9:11:00 AM
From: Freedom Fighter  Read Replies (2) of 132070
 
Wayne,

>>So, I ask again, what is the difference between a loose monetary policy in general and one specifically
targetted at an attempt to hyperinflate out of the Great Depression?<<

Simply the degree of money printing and the possible consequences.

>>Japanese bond yields were much lower (nearly 0%, how much lower can you go?) than that of either the ECB or
the US when the Euro-Dollar-Yen parity at 1-1-100 was almost achieved (i.e. the Yen strengthened whereas the
Euro weakened) a few months back. How do you explain this based on bond yields alone?><

Stop putting words in my mouth. I identified a number of influences. I never said bond yields alone. I agreed with you that economic growth is a factor. The trade position is important in Japan's case also. We are the biggest debtor in the world. Japan is the biggest creditor. We are one of the lowest savers, they are one of the biggest.

>>Why you think this is a conspiracy is beyond me.<<

I never used the word conspiracy, you did. I said there are geopolitical considerations. They support their best customer for more than just economic reasons.

Wayne
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