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To: Win-Lose-Draw who wrote (228551)3/17/2003 1:29:18 PM
From: SeaViewer  Respond to of 436258
 
It's also a hedge against inflation.



To: Win-Lose-Draw who wrote (228551)3/17/2003 1:33:26 PM
From: Mike M2  Read Replies (1) | Respond to of 436258
 
Japan illustrates that there are limits to the power of intervention. mike



To: Win-Lose-Draw who wrote (228551)3/17/2003 1:44:14 PM
From: yard_man  Read Replies (2) | Respond to of 436258
 
>>"longterm" makes even less sense. the PPT can outlast you by decades<<

you are not serious, are you?? You think intervention can prop markets or depress commodities for years -- that's nutty, IMO.

The most real intervention can do is delay and that probably only on the order of a few weeks or maybe a month, IF they get lucky.


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