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

To: ahhaha who wrote (4622)	6/25/2002 11:21:56 PM
From: ahhaha	Read Replies (1) \| Respond to of 24758

Tokyo has been buying dollars as the U.S. currency weakened against the yen to keep its currency from appreciating so much that it hurts Japanese exports. On Monday, the Bank of Japan stepped into the currency market for the fifth time in the last month to slow the yen's climb against the dollar. Now we know the culprit. The BOJ is trying to interfere in the free market. The BOJ thinks this effort will prevent the yen from rising too fast which they think is contrary to Japan's interest. The BOJ is dominated by demand management pseudo Keynesian types still hanging around at this late date trying to worship at the cenotaph of neo-mercantilism. Hasn't anyone told them that interference is just a waste of money? Further, trying to control what the market would do almost always causes it to go to a greater degree than it would otherwise. This is the result of pretense to knowledge. When the BOJ started belatedly pumping the natural result was for the yen to rise. This inexplicably is at odds with contemporary pundit thinking which mistakenly has the yen falling with money creation. Where did these guys get edicated? The BOJ thinks it can have its cake and eat it too. Of course, why have it if you can't eat it? The result of pumping is to cause Japanese domestic demand to rise. That's what the government and the BOJ want, but they don't want it at the cost of exports. They think neo-mercantilism will be undermined and then what will become of inferior Japan? Why, Japan would be hostage to the other Asian tigers. Crisis thinking and stupidity. If anyone remembers, dollar strength for the last 3 years was explained as escape into the dollar from the yen and other currencies whose countries were pursuing poor economic policies. The poor policies are still there. Only the BOJ's pumping has caused the yen to rise making the dollar appear to fall. There has been no intrinsic economic change in Japan's economic policy. Even O'neill sees this. Apparently, the dollar strength explanation no longer holds. History is a function of stock prices. How quickly explanations change! The BOJ knows they can't stop the dismantling of neo-mercantilism. Why not embrace it rather than resist it? How? Revive the Greater East Asia Co-prosperity Sphere. All problems solved. The sphere will be formed one way or the other anyway, if it isn't the default situation now.

To: ahhaha who wrote (4622)	6/26/2002 9:31:24 AM
From: ayahuasca	Read Replies (1) \| Respond to of 24758

lol aha. Remarkably stupid and indicative of an intelligence that is shockingly limited making such comments without knowing a whit about me, is well, shockingly stupid and indicative of an arrogance that is wildly unchecked. You are just a petty pedant with a God-complex. You don't respond to my comments about the claims you make. I had enough of that on the ATHM thread. You were there. You can't pull that bullshit here. um, what the hell are you talking about? The only comment you made that I didnt respond to yesterday was the one about competition and the tilting playing field. The only reason I didnt is because it requires a more measured response and I simply didnt have the time to do that yesterday. You jump to conclusions so quickly, make sweeping judgements so hastily that it's really a shame. It undermines everything you have to say. You are just a bully and what underlies the psychology of a bully is a profound insecurity. It's evident here. I only allow a select few who are capitalists, want to get rich, and don't like bleeding heart liberals, to post here. This thread isn't what you hypocrite liberals call a "democracy", so expecting us to accept your drivel isn't going to happen. lol. Oh, ah, again so absurd. I am nothing close to a 'bleeding heart liberal'. Using such definitions to try to pigeonhole people into your neat little boxes is more evidence of your pedantic oligarchy. You mistake my disgust for greed with liberalism. That's a glaring error in judgement and your need to twist that into attack is evidence of your spurious intentions. Bad diction and hypocrisy are not welcome on this thread Bad diction and hypocrisy?!?! That really is good. Based on a 2 minute post on SI, I have bad diction. OK. I'm wasting my time here. Good luck Ah. see ya