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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: YanivBA who wrote (70087)9/22/2006 10:48:52 AM
From: Arran Yuan  Read Replies (1) of 110194
 
YanivBA,

Thank you very much for many intriguing insights!

As (...) an ATM of USA after WWII, the yen goes where and when FRN$ goes.

Sorry, I don't know what is the FRN$ and would generally need an explanation to this sentence.
FRN$ is Federal Reserve Note Dollar.

In light of a trial liquidity withdrawal of BoJ in the pass few months, both FRB and BoJ, probably along with BoE, found out that that is not an option in the current economic affairs.

It is commonly believed that there is no limit for inflating, although it is apparent to everybody that leads to death of the existence. Why they tried the withdrawal tells me that they see the limit is already there. In other words, issuing more debt does not make any sense anymore hereon and on. Because a debt is an asset only if the debt raised capital could produce positive cash flow. That is not the case in FRB's and BoJ's actual feel. Thus, the limit is there. A new stage is impending upon us, more inflating is competitive devaluation of currencies. They are pondering on whether to do it or not since this will be the step to break all hell loose.

Prof., Dr., and Mr. BenBen declared BoJ is his ATM in November 2001, if my memory serves me right.

Best

Arran
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