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Pastimes : The Big Picture - Economics and Investing
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To: Joss who wrote (464)12/1/1997 4:02:00 PM
From: Marc Newman  Read Replies (2) of 686
 
Steve,

Some say that treasuries would be the last thing Japan would sell.
Here's Jim Cramer on the subject:

In this environment, any supply from the Treasury market, including supply from Japan, where I am sure they are anxious to sell their 6%- rock-solid-yield-with-appreciating-currency paper for a defaulting piece of 1% paper from some bank that may not exist six months from now, would be a godsend.
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