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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 252.74+0.3%Jan 28 3:59 PM EST

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To: kapkan4u who wrote (30698)3/8/2001 8:05:15 AM
From: Dan3Read Replies (2) of 275872
 
Re: Yen Falls as Miyazawa Says Japan's Finances Close to Collapse

Terrible news for Japan, but their short term solution, letting the Yen fall, will have a minor anti-inflationary affect here in the United States.

If Japan opens up their equity markets a little more, it may also help to siphon off some of the remaining "excess" liquidity carried over from the Y2K liquidity increase engineered by the Fed as a protective measure (although the market has already taken care of much of that "problem").

Whatever the likelihood was of (at least) a .5 percent decrease by the Fed at their next meeting, it's a little more likely now.

Regards,

Dan
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