Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Step1 who wrote (4106)	6/1/2001 7:58:23 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi Stephan, I agree with heinz on what he had to say here ... Message 15883785 and your observation on the ground seem to confirm, is my understanding correct? However, as CB, I question the logic of repatriating savings from the US (sort of a Pearl Harbour revisited scenario) ... Message 15881488 but had non-the-less closed out my Yen loan, just in case. China, for example, is not in a hurry to "save" the banks from their own mess, even though the state has the means to do so. The logic being the state only has the means to do the saving once, and only once, thus it is better to wait for the banking operations to mature a bit before throwing them a life line from public coffers. In China, I had visited the successive heads of the PBOC (central bank). I do not know the issues in Japan nearly as well. I am interested in what you may have to say on the subject of the general political attitude from the man on the street and the guys in the news on Japan financing the US? I do not agree with Pezz's observation that the loan yield is up because the debt market is looking forward to economic robustness after a recession that still has not been ... Message 15874746 I think the long rates are staying high, because long bonds are being sold, for probably many reasons, none good (anticipation of future bond divestment, inflation, Japan doing Financial Pearl Harbour, whatever), and one wrong (looking forward to econ recovery). Chugs, Jay

To: Step1 who wrote (4106)	6/2/2001 12:38:40 AM
From: NOW	Respond to of 74559

Good post. My travels there confirm exactly what you are saying, The pessismism is running pretty high, whilst hard times are very hard to see on the surface of daily life. People are giving the new PM the benefit of the doubt and like his style, but are looking for substance and uncertain if they will find it there. It could be that the Japanese are repatriating capital in stages: we saw a long bond sell off of some magntude here, accompanied by a weaker Yen so that doesnt fit, unless the recent yen surge is the actual repatriation and previously was parked in MMF. Good sense if it could be pulled off. First weaken Yen, then buy yen.