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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (35366)	6/25/2003 11:48:17 AM
From: energyplay	Read Replies (1) \| Respond to of 74559

Negative Japan interest rates - somehow I think this may be pricing in possible Yen appreciation. Comments ?

To: TobagoJack who wrote (35366)	6/25/2003 11:55:52 AM
From: Canuck Dave	Read Replies (2) \| Respond to of 74559

Even weirder. Washington (AP) Federal Reserve officials, in a break with tradition, have issued a terse statement this morning before announcing their rate decision today. Following China's lead, officials have directed the nation's government sponsored entitites (GSE's) to not renew mortgage loans of over 50 billion dollars in order to prevent a nascent real estate bubble from developing. "What were we thinking?", quoted one Fed official, who rued the effects easy money policies have had on asset prices. "We'll let the marketplace determine the best rates", he added, "our concern is a stable monetary regime." Another official was quoted as saying "We've been slaves to economic theories of one form or another. From now on, we're just going to give common sense it's place in the decision processes." When asked if the credit cut off would hurt the economy, he added "What economy?". CD

To: TobagoJack who wrote (35366)	6/25/2003 11:56:26 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

Hi Jay. Yes, the Aztec economy goes into overdrive in more quantum weirdness. Digging up rocks to bury them again. Sort of like Easter Islanders with their big stone heads, which don't really do anything useful, but do keep people busy. Why gold can't go to $2000 an ounce = the whole world will start digging for gold, filtering it out of the ocean and stripping a proton off mercury. Russia is already excited enough: <MOSCOW, June 23 (Xinhua) -- Russia produced 39.52 tons of gold in the first five months of this year, 2.8 percent or 1.08 tons more than in the same period of 2002, the Union of Gold Producers (UGP) reported on Monday. The UGP attributed the growth mainly to the increase of mine output and the secondary production during the January-May period. Russia produced 170.9 tons of gold in 2002, up 10.6 percent from the previous year. It expects an increase of 10 to 15 tons in output this year. > Actually, those numbers are wrong - 170 tons in 2002, but only 38 tons in the first five months of 2002, meaning 130 tons in the last 7 months? I doubt that. cnniw.yellowbrix.com; Meanwhile, G 347 Q 357 With the Sudden Poverty Syndrome experienced by so many people, after the Sudden Wealth Syndrome, [which was less arduous], luxury gold buyers must be in retreat, leaving the field for speculative zero sum, greater fool theory, one born every minute, "I'll get out at the peak" competitors. Meanwhile the producers are digging flat out, making hay while the sun shines and the frightened Aztecs clamour for a talisman to hold up against the scary bogey man. Which of course won't be any more effectual than the Easter Islanders' stone heads. Mqurice PS: It certainly does get interesting at the speed of light around the edge of the event horizon.

To: TobagoJack who wrote (35366)	6/25/2003 1:46:06 PM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

... So I get one Yen per 100.000Y loaned to keep it? I see... Any special weekend rates? I want to take my wife to beer garden saturday - who wants to loan me 25MY? Jay I understand you are into some yen carry trade, want a care-free sunday? I promise to return them untouched monday - I take cash or oh well whatever way you feel like. Btw, I have some friends who may be interested as well - they want to go too, it's such a splendid beergarden weather here in Munich. Make it 250.