Z-- Once again, you and I are on opposite sides. This time it is in the investment area. In Sept, I started buying again, altho mainly MLP's, which have done quite well. Some techs, which have also done OK.. I see Japan as being LT hopeless. The Japanese policy of a low birth rate and very limited immigration means that an aging population will need support. That, given enormous debt and expensive overhead in terms of land costs and a general very expensive price structure does not auger well. I see the Yen at 160 in two years. Timing, admittedly requires a crystal ball. One of my friends, who has an endowed banking chair and has been a consultant to the Bank of Japan, agrees. We differ on time projections. Z--for the short-term, you've been right and I've been wrong (and I'm big enough to admit it VBG). I have a June short position on the yen.
I now think that you may be right about the US invading Iraq--and I don't like it. Just having the UN inspectors in renders Saddam harmless, and that is my objective. For the love of me, I just don't understand why Saddam just doesn't comply with his agreement. He would save everyone a lot of trouble, mainly himself.
fred |
