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To: long-gone who wrote (40527)	9/21/1999 10:24:00 AM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116764

last time I think it was 5x oversubscribed biz.yahoo.com

To: long-gone who wrote (40527)	9/21/1999 10:56:00 AM
From: Casey	Read Replies (3) \| Respond to of 116764

this gem from Bill Murphy: <<Dr. Neville Bennett has served commentary at the Man Ray Table entitled, "Yen's progress inexorable II --update." "A 20% change in prices between two major currencies in one year is a colossal change. Japanese cars selling in the USA, other things being equal, will cost 20% more than a year ago. An American consumer who was considering buying a $25,000 Japanese car a year ago, will perhaps now baulk at paying $30,000 for the same car, and will buy another model. A Japanese couple thinking of honeymooning in Hawaii might baulk at a 20% increase in prices and travel to the Gold Coast, Australia, or Christchurch, New Zealand. Thus trade, tourism and services are tangibly affected." This is a wonderful dish and a very good read. The Yen is sharply higher today against the dollar as the Japanese appear to be willing to let their currency advance further against the dollar.>> 1) Most Japanese cars sold in North America are manufactured in North America, thereby reducing substantially the cost of a rising Yen. 2) How can a Japanese couple baulk at going to Hawaii if their Yen will buy 20% more worth of goods and services? Bill Murhpy and his gang appear to be with Alice in Wonderland<g>.