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To: lorne who wrote (37897)7/28/1999 7:18:00 AM
From: Bobby Yellin  Read Replies (1) | Respond to of 116955
 
Hi Lorne
did you read his article on Japan? Did you understand what he was talking about with the Yen? Not this one pei-intl.com
but this one pei-intl.com
starting with this "In Japan, the risk of calling all derivative trading "inappropriate" with respect to Credit Swiss, could
result in a closing of the Japanese market. Given the fact that just about every bank has dealt"
That sounds huge huge and I can't see how it could be allowed to happen by the biggies in the governments around the world..but I am fooled a lot
I am also confused in that the Japanese government appears to be printing so much money to help stimulate the economy..aren't they
doing what Armstrong suggested is needed..devalue the Yen? or does
the street have to point to it after the fact?
It seems as if a lot of foreign money has flowed into Japan by deep
pockets..wonder if deep pockets are helping to keep the Yen up to get
back their money