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To: bambs who wrote (55852)10/7/2001 9:01:07 PM
From: flint  Respond to of 77400
 
I'm not arguing about gold going up in value. I realize Japan has the ability to devalue the US dollar. That certainly would give reason for other countries whos currency is back by the dollar to buy gold.

I just thought it wasn't part of the Japanese culture to value precious metals.

As far as the stock bubble. I'm under the impression that the deflating bubble does not even account for a recession. Any opinions on where the market will go if there is limited growth in the economy for 3 years

Flint



To: bambs who wrote (55852)10/7/2001 9:07:53 PM
From: Eric  Read Replies (1) | Respond to of 77400
 
Never happen.

The Japanese would be shooting themselves in the foot if they did that.

We are their largest export market.

The last thing they want to do is rock the "economic boat" which keeps them afloat.



To: bambs who wrote (55852)10/8/2001 8:20:05 AM
From: Wyätt Gwyön  Read Replies (2) | Respond to of 77400
 
have the japanese ever before been known to hold 44% of US debt? or account for 44% of the worlds savings? have the japenese ever been known panic? or create a stock market bubble...or a real estate bubble ...why not a gold market bubble as they bail on US dollars, equities and t-bills? why

that is illogical. the japanese would be destroying themselves. they want to prop up the US dollar so we can afford to buy their goods. as long as we are their main consumer of exports, they will continue to recycle their surplus in USD.