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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: GraceZ who wrote (2238)6/9/2003 4:38:48 PM
From: LLCF  Read Replies (1) of 4905
 
<I can't have even one more discussion with you about what it is that defines inflation. Either you understand by now or you don't.>

Well, I understand it, and it transcends your point. You use one factor in your analysis, no?

<Why is it that you think that the dollar needs to be supported?>

I don't. I said the US needs to continue to attract a lot of Capital or the dollar will fall. It doesn't require outflows. I believe that is what has been happening, it's attracting less now.

<So its not negative?>

Not that I know of.

<Japan isn't buying dollars its selling Yen. Its a subtle point but an important one. >

I believe the Japanese central bank has been buying dollars for Yen, no? According to the Fed's custody account, foreign central banks hold 21% more dollars than a year ago in an attempt to break the dollars fall.

DAK
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