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Politics : Ask Michael Burke
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To: Earlie who wrote (83134)8/20/2000 10:05:21 PM
From: NOW  Read Replies (1) of 132070
 
in your fine synopsis, you wrote: Note the recent first (of what will be a series of) interest rate increases (hello, Yen carry trade participants). This will positively nudge the Japanese consumer, but will crater the banks, insurance companies and financial entities (look for significant bankruptcy activity this fall).
Actually, rate hike should help their insurers, no?
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