SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Cogito Ergo Sum who wrote (22791)8/17/2002 9:30:23 PM
From: TobagoJack  Read Replies (4) of 74559
 
Hi KastelCo, <<Reuters Company News - Tokyo govt to deposit Y100 bln in Citibank -report>> I am more alarmed than usual. I think:

(a) Something is wrong with Citi, and the Japanese are helping to prop it up, so as to hold up the USD, so as to not trash Japanese export to the US, which are financed by J6P taking down home mortgages financed by the Japanese to buy Japanese made SUVs, which holds up the Japanese economy and banking constructs.

(b) No one wanted to be responsible for two alternative headlines -

"Japan loans Yen 100 billion to Citi to stave off trouble"

or

"FED pumps Citi with USD 857 mm on emergency basis"

(c) This move will have unintended consequences, and so let us watch and learn.

(d) First thing Monday AM, I will buy more gold.

(e) If JPM gets a similar deposit, then all wagers are on for gold.

Chugs, Jay
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News