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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (1302)	10/7/2003 1:15:29 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

The universal agreement that the US$ needs to go lower has been nagging on me. The saving grace is that everyone wants it controlled. That means it will plunge uncontrolled or not go down at all. Does this provide a clue as to which is more likely? That is my thought at the time. Here is one from From Kevin Depew / Minyanville A quick note this morning on the dollar. We're seeing new lows this morning in the Dec. contract. Meanwhile the Dec. yen is trading back near it's high, which most recently prompted a round of fresh intervention from the Japan Ministry of Finance. According to an article in Monday's Financial Times Japan pledged to take “decisive” action to protect its currency against “speculative” moves. I suspect we may see a test of their “decisiveness” sooner rather than later.