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Politics : Formerly About Applied Materials

AMAT 230.92

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Nov 24 3:59 PM EST

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To: Doug who wrote (21078)	7/4/1998 5:54:00 PM
From: Teri Skogerboe	Read Replies (2) of 70976

Doug, Thanks for your comments. They reminded me of this discussion from the Barron's Midyear Roundtable last week (in the interview with Barton Biggs)... (this is just a small portion) Q: And our recent defense of the yen -- A: The dollar/yen intervention didn't change anything. It was just a sign of weakness -- they tried to buy some time. It was probably completely politically motivated -- Clinton overruling Rubin, not a good idea. So we are all going to be back in the soup again within two or three weeks, in my judgment, once the President gets back from China. We'll have the same problem of a weak yen and the same old chain reaction from a weak yen. BTW, the entire Roundtable discussion is very much worth reading, IMO...

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