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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (18877)5/13/2002 1:28:52 AM
From: energyplay  Read Replies (2) of 74559
 
Hi Jay - When you get to a cheap connection place, please expand on comments
on Japan - how having a volitile exchange rate helps what I assume the Japan government is trying to do ?

Japan is doing an 'Argentina'
right now, but in a slightly more stealthy way. Instead of Argentina's shutting the banks, forcing USD to local unit currency conversion, releasing liquidity
above and way (*&^(*&$#@$# beyond economic fundamentals, Japan 'is' (by design, default, or natural market inclination) gyrating and whipping the
currency exchange rate so that folks are reluctant betting on capital export on a scale necessary to totally deflate Japan with one single stab of the
needle, compelling savers to buy JGB debt paper at 0.00x% annual return, and releasing liquidity to cleanse the damage out of sight.

Best Regards, energyplay
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