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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Cynic 2005 who wrote (93202)11/21/2001 2:02:39 PM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
Cynic, Our blue-nosed censor wouldn't let me into the site. But Uncle Sam simply monetizes all defaults by printing more dollars. It's a good thing those suckers never go down and interest rates never go up, no matter how hard Alan Da Printer turns the crank. Meanwhile, I'm studying my patootie off to pass Series 3 so I can start taking some more aggressive negative action on Treasuries and the buck. <g>



To: Cynic 2005 who wrote (93202)11/22/2001 11:47:46 AM
From: Knighty Tin  Respond to of 132070
 
Cynic, I was finally able to call up the cartoon at home. Loved it. Now, time to buy IF while it is still near its all time low. <G>



To: Cynic 2005 who wrote (93202)11/26/2001 10:10:22 AM
From: geewiz  Read Replies (1) | Respond to of 132070
 
thoughts on the devaluation of Latin American, Asian currencies.................

The desperation at the Ministry of Finance in seeking alternatives to the Bank of Japan's demands of structural reform have become focused on a devaluation of the yen. Such action will postpone again the time of reckoning for the big insurance companies and banks in trouble. This bogus idea will work only if the yen is devalued significantly because only 18% of the GDP is exports.

Interesting paper by Howard Wall of the St. Louis Federal Reserve at his web site called

“Has Japan Been Left Out In the Cold by Regional
Integration?” 8/01. (pdf)

stls.frb.org

So the competitive devaluation of currencies against the dollar may take on a new phase as the Ministry allows the yen to fall. This policy will only inflict hardship on dozens of Asian nations who will choose to further devalue.........

later, art