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Politics : Stockman Scott's Political Debate Porch

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To: SOROS who wrote (4227)8/9/2002 9:36:37 AM
From: Jim Willie CB  Read Replies (2) of 89467
 
Pops, the last article is the one that caught my attention

Japan sliding into worse recession
I expect they will start the banking failure dominos in Asia
their reserves were down worse in TBonds, no not so bad
but the real immediate problem will be profit margins

the dollar has risen to the 120 yen range lately
gonna keep close eye on that one
euro has slipped down below 98cents lately
the USdollar bear rally is due to resume very soon
my guess is in late August

does anyone remember August 2000?
a nice strong move in Naz that preceded a major downer !!!
August is the month to fool the sheep while Europe vacations

/ jim
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