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To: Perspective who wrote (63020)	1/8/2003 7:13:32 AM
From: AllansAlias	Read Replies (3) \| Respond to of 209892

angelfire.com

To: Perspective who wrote (63020)	1/8/2003 8:26:36 AM
From: UnBelievable	Respond to of 209892

That Been One Of The Mysteries To Me For A Long Time Or for that matter sell us real oil in return for paper, especially since we have told everyone we are going to do everything we can to make the paper as worthless as possible as a matter of policy. I am becoming more convinced than every that the value of the dollar is the most important thing to watch. "I repeat, why in the hell would ANYONE, especially foreign, hold any US$ denominated assets? Isn't it completely clear that they WILL be sacrificed to fight deflation? It just amazes me that the "run on the bank" hasn't happened yet."

To: Perspective who wrote (63020)	1/8/2003 8:47:22 AM
From: JRI	Respond to of 209892

Yeah, we still have to get thru the phase in which "declining paper assets" become as much of a part of J6P's lexicon as "weapons of mass destruction".. (Just occurred to me as typing) Paper of mass destruction? (PMD?)

To: Perspective who wrote (63020)	1/8/2003 8:54:14 AM
From: orkrious	Read Replies (1) \| Respond to of 209892

I repeat, why in the hell would ANYONE, especially foreign, hold any US$ denominated assets? bobcor, do you have any recommendations for non-U.S short-term liquid assets? Mine are all in ST treasuries, but if there were an equivalent euro fund I'd consider it. tia ork

To: Perspective who wrote (63020)	1/8/2003 9:05:47 AM
From: mishedlo	Read Replies (1) \| Respond to of 209892

BC can you please offer an opinion of foreign govt bonds. It would seem I have two ways to win. Sinking $ Foreign interest rates come down. Two funds to look at are PSAFX BRGBX I am in both and considering buying more. Just got in recently. Prudent Safe Harbor Fund seeks current income and capital appreciation. The fund invests in liquid securities issued by major industrialized nations and other countries with sound economic and financial systems. The fund attempts to capitalize on currency fluctuations by investing in securities issued by governments whose currency is believed to appreciate in relative value. It also invests in equity securities of companies that mine gold and gold bullion. American Century International Bond Fund seeks total return. The fund normally invests at least 65% of assets in government bonds rated AAA or of comparable quality. The average maturity ranges between two and 10 years. The fund may invest in debt issued by governments of the following countries: Austria, Belgium, Denmark, Finland, France, Germany, Italy, the Netherlands, Norway, Spain, Sweden, Switzerland, the United Kingdom, Japan, Canada, United States, and Australia. This fund is non-diversified.

To: Perspective who wrote (63020)	1/8/2003 11:37:33 AM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 209892

Added to Sears short, second 1/3 position.

To: Perspective who wrote (63020)	1/8/2003 1:55:17 PM
From: NOW	Respond to of 209892

well, why would they hold dollar denominated assets? The bullish case (which we disregard) is the ol' AG line on productivity. Moving on, i suppose they have their own perverse incentives as fund managers as we do; or they beleive in the ability of their own governments to realtively weaken their own currencies more than the US; or as governments themselves they fear the rpercussions of disinvestmet in the US: others?

To: Perspective who wrote (63020)	1/8/2003 2:04:30 PM
From: NOW	Respond to of 209892

from your lips to Gods ears? repeat, why in the hell would ANYONE, especially foreign, hold any US$ denominated assets? Isn't it completely clear that they WILL be sacrificed to fight deflation? It just amazes me that the "run on the bank" hasn't happened yet. quotes.ino.com

To: Perspective who wrote (63020)	1/8/2003 9:32:27 PM
From: reaper	Read Replies (3) \| Respond to of 209892

<<why in the hell would ANYONE, especially foreign, hold any US$ denominated assets>> paper is in a bear market -- gold (anti-paper) is telling you that. first it hit stocks, then the dollar, and it'll get the bond too, but not before it touches 2.xxxx <ng> as far as why hold US$, what else are they gonna do? the world is dependent on the US continuing to run a gigantic trade (and current account) deficit; who the heck is gonna buy all the Chinese toys in Dollar Tree if the US economy goes down for the count? as long as we keep spending beyond our means, and they keep recycling the money back into the US, the game works. why do you think Japan is so deperately trying to talk the dollar back UP? for the non-wigglers, i think the only things that really need watching are the (i) dollar; (ii) gold; and (iii) TNX. (i) and (ii) have reversed very long-term trends and are in new and likely long-lasting SECULAR bear (bull) markets, and the reversal in (iii) is coming after one more down move. that's when we get to the boring but scary stage; nobody makes money in ANYTHING (except the lunatic fringe that owns gold). Cheers