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

To: steve susko who wrote (52662)	6/4/2002 4:26:32 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

GreenDust comments were empty, he cannot speak freely no mention of the dollar and impact on US financial markets therefore, purely a doctored spin on US econ recovery nothing more I would like to hear his view of external threat to the economy, owing to USdollar declines, higher interest rates, and imported inflation via trade debt unless and until these important issues are addressed, pure spin, pure cheerleading but without the skirt, and shabby looking legs confidence in the US worldwide is waning badly, seriously I dont know how much is directed at GreenMan himself probably more so eroding confidence that GreenStump can do much about it except what he is doing now cheerleading with microphone pompoms weak, vacant, insufficient perhaps even unprepared for upcoming events / jim

To: steve susko who wrote (52662)	6/4/2002 4:34:48 PM
From: Jim Willie CB	Respond to of 65232

at #327.5, hardly halted... Asians in total control now /jw

To: steve susko who wrote (52662)	6/4/2002 4:52:55 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 65232

Buck holds gains after BOJ purchases, CBS.MarketWatch.com By Julie Rannazzisi Last Update: 1:14 PM ET June 4, 2002 [with Jackass comments spliced, couldnt help myself] cbs.marketwatch.com NEW YORK (CBS.MW) -- Worried about the impact a weakening dollar will have on the sluggish Japanese economy, the Bank of Japan moved Tuesday for the fourth time in less than three weeks to stymie the yen's ascent and push the greenback higher. [the first three attempts all failed] The BOJ intervened to snap up dollars for yen near the 123.30 level, where it was trading just before 9 a.m Eastern. The purchases spurred the dollar to shoot up to about 124.37 yen, the MG Financial Group said. [these jerkoffs probably blew $2 billion last month alone] The greenback held on to the brunt of its early gains Tuesday, recently changing hands at 123.80, up 0.1 percent from Monday's levels. But the dollar continues to hover at its lowest levels since late November. [a dire downtrend for USdollar, in fact] Japanese officials hope that maintaining a weak currency will give exporting companies a competitive advantage and promote a recovery in the long-stagnant economy. [so far this strategy has destroyed their entire bank system, and earned them a tight box with zero interest rates] But market watchers don't expect any long-lasting effects from the BOJ's intervention efforts. [as Soros once said, "what's your plan 30 minutes from now?"] "There's little they can do about currency [levels]. The intervention is [aimed] at merely slowing the pace of the decline," said Tony Crescenzi, chief bond market strategist at Miller, Tabak & Co. [currency markets move $22,000 billion annually] Slumping dollar could undermine stocks The strength of U.S. assets relative to other global investments throughout the 1990s was ascribed in large part to the dollar's unrelenting strength. [sea change underway] The firm dollar assured foreign investment monies would be put to work in U.S. stocks and bonds, which in turn fueled the biggest bull market of the post-war era. [financed by corrupt gold sales, which are now being margin called] The tide now appears to be turning, with many on Wall Street fretting that the dollar's recent demise will turn out to be a structural -- not just cyclical -- correction. [structural, as in deep recession or even a depression] The bears argue that a prolonged greenback slump will result in an enduring bear market for stocks as foreigners bail out in search of juicier returns elsewhere. [already happening in spades] Others maintain that a weak buck is just what the doctor ordered, as it'll ensure increased competitiveness for U.S. manufacturers in global markets. [better competitiveness only AFTER the wreckage is cleared] Morgan Stanley's Tim Stewart believes a "hard landing" is a low probability event for the dollar based on expected strength in the U.S. economy in the second half of 2002. [ask Roache, their real economist of pedigree] "Another reason to expect an orderly decline in the dollar is the fact that currencies are relative prices and investors who sell dollars have to buy something else," Stewart said in a research note. [right, like GOLD, which is real money] He subscribes to the view that the Group of Seven nations are uniformly opposed to a dollar crash but would welcome a "gradual unwinding" of the greenback's strength over the past four years -- including the U.S. administration. [currencies NEVER unwind gradually, check history] Officially, U.S. Treasury Secretary Paul O'Neill continues to back a strong dollar. [utter bullshit, Congressional statements spoke of market forces] "Of course, there is the risk that once the pro-dollar decline environment becomes visible, it can get out of control. But the G-7 would oppose a rapid decline," said Stewart. [let G-7 Central Banks sell more gold, wont work, too late] Julie Rannazzisi is markets editor for CBS.MarketWatch.com in New York. [I am certain she has better legs than GreenScrotum]