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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

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Nov 6 4:00 PM EST

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To: santhosh mohan who wrote (5821)	1/7/1998 1:07:00 PM
From: Rational	Read Replies (2) of 27307

Santosh: Exactly, you are right. << if the Dollar is weakened relative to the Yen following Mr. Yen's visit to DC, SOFTBANK may decide to accelerate the selling of YHOO and reduce their holdings to 20% or less. What is your take on the exchange rates now. >> Japan's threat to US is the ballooning US trade deficit and Japanese have no problem with it as long as Americans can swallow. On the Asia thread, I had made a radical prediction a week ago that US$ must/should/would fall to restore a global equilibrium. [My predictions go wrong; but it was based on fundamentals.] US$ has began falling even before any CB intervention because currency traders are feeling that US$ value must have overshot. [Again, this can reverse. Unless a trend forms, we cannot depend on it.] Mr. Yen is meeting with both politicians and bureaucrats. Democrats may lose the White House in the next election on the issue of a dangerously ballooning trade deficits, unless Gephardt articulates the danger and wins nomination. Republicans have not assimilated the predicament of US at this moment which (IMO) is dangerously similar to SE Asia: unsustainably high capital inflow, rising US$, high trade deficit and current account deficit and accelerated growth in money supply. However, I expect a gradual (not sudden) fall in US$ because currency dealers' manipulation cannot cause panic here unlike in SEAsia, except that stock prices (especially of bubble stocks) will fall. Sankar Do I need to caution you that my opinion is not for decisions on your investments? <VBG>

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