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To: Haim R. Branisteanu who wrote (243974)	6/4/2003 5:12:45 PM
From: Jack of All Trades	Read Replies (3) \| Respond to of 436258

Haim, I'm not sure about others, but my company is Japanese and we hold money in Euro/Yen/Dollars. I know Japan will call and tell us when to wire over based on the conversions. Another words, we have people that just study currency, so the day to day gyrations doesn't effect us that much.

To: Haim R. Branisteanu who wrote (243974)	6/4/2003 5:18:44 PM
From: UnBelievable	Read Replies (1) \| Respond to of 436258

The Current Volatility Not Only In Currency But Interest Rates As Well is bad for the real economy. Its good for the banksters though which is why we have it. That they are cutting off the branch they are sitting on should be of no surprise.

To: Haim R. Branisteanu who wrote (243974)	6/4/2003 5:43:16 PM
From: yard_man	Read Replies (3) \| Respond to of 436258

>>tippet sorry to be repetitive << LOL -- no you're not. And there's a lot of repetition here which I add to all the time. The fluctuations are based on perceptions -- someone buys / someone sells. You're just making value judgements again -- If you want to share something useful, then tell me WHY you think such "jyrations" are TOO much ... that was my point. All markets go through spates of high and low vol -- why is this not justified?? provide some economic reasoning -- not just: the vol used to such and such and now it is x times greater -- something is being manipulated ... My boss does nothing in discussing natural gas prices except tell me it's "criminal." LOL. It could be -- howdaheckdoIknow?? He has a few reasons -- but mostly he is just telling me he doesn't like the high price and it doesn't fit with what he believes are current production costs. That in no way proves manipulation ... Similarly you rave about volatility in currencies over the short term -- but don't even put it in a macro context of any kind -- you talk simply about what it is and what you think it should be -- and that is supposed to be proof enough?? c'mon ... One thing is certain -- we are in "new territory" concerning trade imbalance, current account deficit for the US and the pre-eminence of the financial transactions over substantive transactions. Shouldn't currencies trade to reflect that new reality -- i.e. be more volatile to reflect the underlying instability -- I find it hard to be surprised about anything, except that so many people in this country are still drawing a paycheck and still spending more than they earn.