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

To: yard_man who wrote (3189)	12/11/2003 12:25:55 PM
From: russwinter	Read Replies (3) \| Respond to of 110194

I'm not talking about defending the dollar through intervention, it would be with higher rates. On foreign motivation, they have largely been able to offset currency losses with portfolio gains as rates moved lower. Now they lose that, plus losses on the currency. The BOJ lost money on their activities last quarter and it caused some storm, as the government has been used to getting a little moola regularly. If they keep losing like this, questions will have to be answered. Message 19543666