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Technology Stocks : All About Sun Microsystems
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To: harrypolo who wrote (5636)11/15/1997 4:54:00 PM
From: Rational  Read Replies (1) of 64865
 
Harry,

There is a nice article in Barron's this week that says why Greenspan may be worried about deflation in Asia and the Japanese Government's decision to dump US Treasuries ($800 bil, held by pension plans) to buy Japanese Bank preferred stocks. The Treasury yield is bound to rise and the Fed may be forced to raise interest rate, lest banks will arbitrage (borrow low cost funds from Fed and lend in the market at high rates). Greenspan generally tries to not jolt the market and so he made a soothing gesture. Barron's suggests to look at the actions of government bodies, not what they say. The BOJ/Japanese Govt said they would not interfere the market, but what they have planned to do is different. It is a very ineteresting article, worth reading.

Sankar
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