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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (4484)	6/4/2002 10:24:46 AM
From: ahhaha	Read Replies (1) \| Respond to of 24758

From Briefings: 8:55AM Dollar spikes on BOJ intervention : Dollar-yen jumped a full figure to Y124.40 from Y123.40 in recent action after another round of intervention by the Bank of Japan, which has been seeking to curb the yen's recent strength (as it only exacerbates Japan's deflation problem). In spite of my continual harangue over the years about how BOJ pumping would cause the yen to rise which has the constructive effect of reversing "deflation", the myth dominated fools at Briefings and elsewhere just don't get it. We have two worlds going on here. There's the real world and there's the world of Wall Street and the media. It must be clear that this media myth world has substantial control over the degree of stupidity, the degree to which investors can diverge from the facts of the real world, that one must have one's automatic crap detector on at all times. Thus, I will no longer read Briefings. It must join the other roaches at the Global Economic Forum in the circular file of highly paid imbeciles. You have to believe that Roach's next job will be writing speeches for the 'crat party.