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

To: mishedlo who wrote (3879)	12/25/2003 3:01:16 PM
From: russwinter	Read Replies (3) \| Respond to of 110194

<you are fighting lots of assumptions.> ?? Not quite sure what 'fed funds" has to do with my discussion of the BOJ (the true setter of US interest rates)? I'm not really assuming anything here (merely said will see what transpires "soon enough", with the added season's greeting, "Happy New Year"). I do have my doubts about the BOJ carrying on like this, but admit just not knowing how it will ultimately transpire. One important aspect I do feel, is that the BOJ will wreck Japan for a generation if they persist, and that buying and holding unprecedented amounts of Old Maid cards (overpriced US debt securities) is not going to be a free ride. The previous post 3880 sort of says it all. Message 19628945 with this being the key phrase: Hayami also said Japan's foreign currency purchases expose the government to the risk of losses. ``The government has aggressively stepped into the market,'' he said. ``It holds such a huge amount of dollars, and who would pay for losses if the dollar plunges?''