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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: UncleBigs who wrote (62562)6/2/2006 4:49:35 PM
From: sciAticA errAticA  Read Replies (2) of 110194
 
re: why didn't the Japanese hoard gold

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... because of Rubin's successful strong dollar policy.

... when Japan was fighting the worst of its deflation, the global re$erve currency was king.

... another striking difference, though perhaps not directly related, was that Japan was sitting atop massive wealth in personal savings.

... the US is not so fortunate.

... in my view, attempts to draw inferences from a Japan - US parallel is deeply flawed...
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