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Strategies & Market Trends : The Millennium Crash

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To: Haim R. Branisteanu who wrote (5282)	6/8/2000 5:53:00 PM
From: pater tenebrarum	Read Replies (2) of 5676

Haim, isn't Japan more like 60% down from the high? and 11 years later to boot... the ECB hike is yet another drip in the confidence erosion that is taking place imo...it was interesting to see the move downplayed in an extensive damage control spin exercise on CNBS Europe today... the ECB is trying to regain the credibility it never had. i'm looking forward to Japan's GDP and more importantly Hayami's reaction. i think the BoJ is a hair's breadth away from nixing the zero interest policy. that's a serious development w.r.t. the US bubble. cheap Japanese capital is one of its life-lines. regards, hb

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