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

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To: orkrious who wrote (6148)1/25/2004 5:26:54 PM
From: Jim Willie CB  Read Replies (1) of 110194
 
incredibly shallow article on the jyen-dollar and gold
misses most of the major factors at work
BOJ blew $190B in 2003
what they invested in dropped 10% in value since Oct03
author thinks that can proceed ad infinitum ???

not a chance
BOJ claims they intend to blow $400B in 2004
we will see
forces of nature will be working harder to prevent that in 2004
simple things like capital flows
as the jyen rises more, the trade gap will still remain high
I sincerely doubt that American addictive spending habits will cut back, even if prices of Asian imports rise

/ jim
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