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Politics : Formerly About Applied Materials

AMAT 249.89

+3.1%

Nov 26 3:59 PM EST

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To: Teri Skogerboe who wrote (20403)	6/15/1998 1:16:00 PM
From: Ramsey Su	Read Replies (3) of 70976

Teri, OT lets try to think this through. Rubin and G7 lay off the yen and allow it to free fall. To the US, this almost have the same effect of slowing down the economy without raising interest rates. To Japan, they can sell US demoninated investments and book "profits" in yen. This may help them take some pressure off the banks. Bank loans, in yen, may now be a little easier to pay off, potentially reducing the bad loan volume. It seems to be a pretty good move but somehow my gut tells me there is something screwy here. Anyone care to help me out? Ramsey

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