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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Mike M2 who wrote (260618)9/16/2003 2:40:56 PM
From: Les H  Read Replies (1) of 436258
 
WTO entry was signed under Clinton in 99. Reminbi devaluation occurred in 94 and yen devaluation occurred in 95, which led to the Asia currency crisis and the dollar bubble, all under the prior watch. One could argue continuity in policies, or that the bubble had reached sufficient scope by 2001 for the pols to give pause to taking decisive action unless their hand is forced.

back to the carry trade?

finance.yahoo.com^FVX&t=1d
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