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Strategies & Market Trends : Asia Forum

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To: Mark Myword who wrote (7024)	10/10/1998 1:14:00 PM
From: Ramsey Su	Read Replies (3) of 9980

Perky, gone on vacation for a week and it seems like I am returning to a different world. The first thing that I noticed was the yen/USD exchange and thought my computer broke. Something very very fishy going on here. Always the skeptic, I find it hard to believe that our government or Japan or both are not behind some scheme as in the article referenced by Seppo. I don't see how a strong yen could be good for anything, especially the banking crisis. Driving the Nikkei down, their assets just dropped further. The profits from USD denominated instruments just evaporated over night. Of all the opinions floating out there, I find this Makin to be the most consistently accurate. He writes one article a month and September's seems to have the most pertinence on the USD/yen issue. aei.org If you believe what Makin has to say, that we are heading exactly in the wrong direction, further away from any chance of near term recovery. Now if our government has a hand in driving the dollar down to help bail out hedge funds, then we are in for a very very rude awaken when the sh*t hits the fan. Ramsey

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