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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (47475)	2/11/2002 9:35:03 PM
From: Brom	Read Replies (1) \| Respond to of 65232

<<G7 will agree to devalue USdollar they meet in Canada this weekend gonna have untold unexpected consequences: - higher US interest rates is unavoidable - accelerating slide in US real estate from higher mortg rates - foreign selling of US stocks and bonds>> I agree with you but I think our timing is off! How long do you think this will stretch out? Best, Brom

To: Jim Willie CB who wrote (47475)	2/11/2002 11:01:07 PM
From: Timetobuy	Read Replies (1) \| Respond to of 65232

On the first of April, Japan will phase out bank insurance on amounts over about $75,000. Of course we all know what savers the Japanese are. Some high net worth big savers have been buying gold as a hedge in case of a yen meltdown. It's supply and demand. (What do they care anyway? What kind of interest are they getting on their deposits? ROFLMAO!) It's not about the US devaluing our dollar. What a mess the Japanese have got themselves into. Hope they don't drag the rest of us down with them, but I think we'll pull out of it, just like we always do, just more slowly this time.