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Politics : Formerly About Applied Materials
AMAT 341.36+1.3%Jan 29 3:59 PM EST
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To: Big Bucks who wrote (20552)6/18/1998 12:37:00 AM
From: Big Bucks   of 70976
 
Re:>The foreign exchange intervention was the first by the Federal Reserve since August 1995 and the first time the Fed sold dollars for yen since February 1992. The two governments spent an estimated $2 billion to bolster the yen.<snip>

To put things in perspective, $2B is about what it will cost for 2- 300mm chip fabs, a drop in the bucket of the Japanese economy as a whole. Much ado about nothing, IMO. You can't stop an
overflowing dike with a couple of sandbags!!! (unless you drop 'em
on her! Sorry just couldn't resist, I knew someone else would respond to this.) 8^)

BB
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