To: Hobie1Kenobe who wrote (7153 ) 3/13/2000 1:11:00 AM From: Jim Willie CB Read Replies (1) | Respond to of 35685
JFMan, here is the underlying reason: strengthening JYen said it this morning with ...Currencies the USdollar is stabilizing nicely... the JYen has seen some strange strenk in last couple weeks... probably due to the market spitting in the face of the manipulative efforts of G7 attempts..... the Euro continues to weaken, altho a semblance of stabilizing is showing itself... I expect the JYen to give some back, and Euro to rise slightly, thus giving even more stability to US$... the recent US Fed rate hike had to be absorbed by currencies, and it seems almost done we need this whole dimension to be quiet... when it is NOT quiet, all hell breaks loose in financial markets worldwide... beware of the US$-JYen-Euro triangle the selloff in Nikkei is precisely how the JYen gives some back the G7 attempted to manipulate into a weaker JYen now the markets are reversing such efforts shock waves are the result of rebalancing within free markets ever attempt to hold a big ball underwater let it go, and it pops up with shock waves in ripples disagree to some degree that Greenspan outofcontrol hikes will cause worldwide crunch... developing economies are doing much better than in 1997, with tons of cash from crude oil and other higher priced commodities... more likely Greensdolt will weaken foreign economies somewhat enough to force a pause... if he does it gradually, then it could help with the brain drain among US labor force the Federal Reserve long history is to overdo it... first, they continue tightening until it is too late... the results of their tightening are felt with 6-8 months lag... second, they operate with questionable govt data constantly... the country's worst database mgmt and worst statisticians reside in govt posts we will see if Greenspan remembers the Asian Meltdown, the Russian default, and the LongTermCapMgmt bailout... I am utterly flabbergasted that the press does not link his excessive 1997 rate hikes to these events!!! time to allow LAISSEZ FAIRE, the greatest mechanism in the world's free markets... I want personally to see Dow careen down to 9000, but doubt it will happen... the Old Economy's cheerleading crowd of GreyBeards gotta be pressuring GreensMonkey to shut up and leave it alone... I got news to Greenshit: the world is building up in technology in an unprecedented revolutionary fashion... his policy is likely to steamroll him, and leave a legacy of IGNORANCE and needless destruction so there!!! / jim