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

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To: mishedlo who wrote (6525)	1/30/2004 1:11:01 PM
From: Jim Willie CB	Read Replies (1) of 110194

big story since FOMC output is the JYEN they blew $70 billion in futile defense during January BOJ fiat clowns promised to squander $400B in 2004 well guys, you used up 17.5% of your budget in one month !!! JYEN at 94.5 now it was in 94-95 range before the meeting it touched 95, then shot down to 94 now back to midrange with unfinished import prices up 20% in two years, we now have seen the advent of imported Asian price inflation with finished import prices up 7% since last summer, we now have stage#1 which I referred to in previous articles Asian suppliers are absorbing some of the initial exchange rate cost increases on stage#2, they will pass them along we have a FOREX clusterfuch coming with the JYEN it should lead all Asians to correct upwards including the CHinese yuan / jim

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