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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?


To: UnBelievable who wrote (1807)5/24/2003 4:39:45 PM
From: orkrious  Read Replies (2) | Respond to of 4905
 
As a place to put all of the dollars they are accumulating on behalf of their FX interventions intended to support the dollar and weaken the Yen (buying dollars).

two thoughts:

1. they are sticking their finger in the dike as it overflows
2) who the hell wants to buy a depreciating asset? one day, I don't know when, this trend will reverse and there will be a mad dash for the door. the way the dollar is falling, it may not take that long.