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Politics : Ask Michael Burke

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To: Mike M2 who wrote (58987)	5/10/1999 1:13:00 PM
From: Don Lloyd	Read Replies (2) of 132070

Mike - (To all, newaus.com.au The latest Gerald Jackson for an austrian perspective. I would disagree with him about AG ever raising rates. ) If it is true that a large part of the U.S. bubble is due to Japanese capital inflows, and the yen carry trade, raising U.S. rates would only make things worse by increasing the yen/dollar ratio. This flow needs to be reduced by a Japanese consumer recovery and increased interest rates in Japan. Regards, Don

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