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Politics : Ask Michael Burke

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To: NOW who wrote (87679)	12/29/2000 11:49:38 AM
From: Knighty Tin	Read Replies (2) of 132070

davidd, Our Fed would like to see the Yen head south, supposedly, but guess what that would do to the trade deficit? Japan is our largest trading partner. But the Yen is not an inflated currency and the dollar is, so the long term trend of fewer yen to the dollar will continue indefinitely. There will be rallies in the dollar, but the primary course is straight down. I may be prejudiced on this as I have made so much money trading the yen in the past. I am much less sanguine about the Euro, where I am about to break even after more than a year of tilting at windmills. <g>

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