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Strategies & Market Trends : ahhaha's ahs

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To: Ahda who wrote (5325)8/20/2002 11:55:14 PM
From: ahhahaRead Replies (1) of 24758
 
By driving non-currency depositors into currency and by raising interest rates. The BOJ is in limbo, but eventually the dollar will start sliding again and the BOJ will have to raise short rates.

This is the only way to play the counter-cyclical game. You have to move in the opposite direction of what seems appropriate. FED and BOJ intend to be counter-cyclical, but they will react way after the fact like they always have. So their actions are pro-cyclical up to a point where they realize they have to reverse policy immediately. Accelerator, brake, accelerator, brake. Of course, counter-cyclical policy is as useless as all the other control freak anti free market methods.
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