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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (12856)	12/30/2003 3:25:21 PM
From: robert b furman	Read Replies (1) \| Respond to of 95597

Hi mchjc, That's exactly right. It took me years to figure that out . Last month the Bank of Japan spent over 21 billion intervening in currency markets to keep the Yen artificially low relative to the dollar. Annually that is over 200 billion - Not even the Bank of Japan can keep that up. I believe the dollar will hit parity to the Yen.The chinese currency and to a lesser degree the S Korean currency will now be the favored currencies ( allowed to be artificially low). In time American auto makers will be revived.I think Japan will go back to its aggressive Chip making past ways.They will put forth an all out fight with China regarding the manufacturing of electronic devices. I think there is a governmental shift of focus towards chip manufacturing vs autos. Many workers have been transpolanted to other lands.The chip war have just begun.Japans Book to Bill on chip equipment exploded up this last month. The race has begun. Remember where yo heard it.GG Bob

To: Henry J Costanzo who wrote (12856)	12/30/2003 3:34:07 PM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 95597

>> The buying is concentrated in Central Banks and other public institutions in the Far East.......China, Japan, Korea, Taiwan, Hongkong, Singapore. OK, I'll go along with that. But the numbers are too small. China supposedly bought $50B of treasuries. Japan was rumored to intervene by buying $10B of US currency. And so on. But the home loans are in $trillions. And no central bank has that kind of money. For instance, if new home starts are 10m in a year. And average loan is $150k. That's $1.5 trillion. No central bank has bought that many dollars from US. And since we're told that US workers are not saving any money lately, the answer has to be that the Fed conjured up that money from thin air. It's a dilutive addition to the money supply. Anyway, I hope the magic lasts. Sarmad