The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: Amark$p who wrote (52719)	2/5/2006 2:14:30 PM
From: mishedlo	Read Replies (3) of 110194

China and Japan both have huge currency reserves of $800 billion or more. China does not disclose the exact nature of their basket but I suspect it is $400-$500B and perhaps China wants to keep it near that level. If so China will be dumping excess trade $ somewhere but not to Japan and those $ will not just vanish either. Japan has not intervened in the currency markets for close to 2 years now. Mish

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