Robert,
After you have had time to digest all the posts (and take care of your Y2K problems), can you comment on Japan's situation. Namely their latest idea to start printing yen to try to "reinflate," their economy. As you know their bond market is selling off quite dramatically. It doesn't appear that the bond buyers (whoever they may be in Japan) don't have a lot of confidence in Japans MOFs plans.
Now the real problem to US investors, is the fear it is causing in the US debt markets. Once again, there is that fear that the Japanese are going to repatriate(we've heard this so many times in the past) their US debt purchases and cause our rates to rise.
Add to that, Alan Greenspan's comments about interest rates, "maybe going up, maybe going down," with a very slight bias towards a hike, and you have the current mini-panic in our bond market.
I'd be interested in your opinion about Japan's latest plans. They appeared to be directly linked to the current sell-off in US equities and the US bond market. It may be key to what may happen next in all of Asia and here in the US. So any comments/opinions appreciated.
Thanks,
MikeM(From Florida) |
