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To: Zardoz who wrote (37520)	7/22/1999 12:44:00 PM
From: Bobby Yellin	Respond to of 116779

interesting point about possible devaluation of chinese currency intresting point re greenspan are youlistening to greenspan here that last one about now one percent of population controls 40 something percent of wealth..geez are we turning into a monarchy

To: Zardoz who wrote (37520)	7/22/1999 1:01:00 PM
From: Bobby Yellin	Respond to of 116779

o/tpretty neat..wonder if that guy read the private message to you :-)

To: Zardoz who wrote (37520)	7/23/1999 10:26:00 AM
From: Hawkmoon	Respond to of 116779

Greenspan:"... capital is being pushed into USA..." Tough being caught in a liquidity trap where you have pray that your currency will weaken in order to manage economic recovery. You're forced to encourage borrowing and selling of your currency by foreigners so it can be plowed into countries where it will net a decent return. Wouldn't you agree that it's in Tokyo's interest to have all of those carry-trades on the yen? Btw, did you note Greenspan's downright nastiness towards those countries who chose to peg their currency to the US dollar?? He didn't see to have much sympathy for them which seems to support his stated view that the Fed isn't going to try and be the world's banker. Or is it smoke and mirrors on his part?