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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Jim Willie CB who wrote (845)9/19/2003 10:39:16 AM
From: russwinter  Read Replies (1) of 110194
 
Looks like the Japanese clerks are having a tough time keeping up with the flood of USD showing up every day. My guess is that the Chinese may be backing off on their pegging operations due to political pressure. I mean it looks bad when China "pegs" the USD by buying a billion a day in USTs and especially agencies <VBG>. All the pressure is now on Japan to do it.

I think the pressure is building on the Fed to "help out" the Asians and not pump as much liquidity, although I still suspect a permanent add later today. If not the stock market may break today or Monday.
bullandbearwise.com
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