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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 (4391)	1/5/2004 10:06:02 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 110194

Running this bubble up to truly gross extremes now seems rather shortsighted for the Bushies and their Fed toadies. Greatly hikes the odds that things financial and economic will be much worse in November than they are today IMHO.

To: russwinter who wrote (4391)	1/5/2004 11:18:06 AM
From: yard_man	Respond to of 110194

carry trade way out of hand -- I am not joking -- at the bottom of my walmart receipt today "WE OFFER WORLDWIDE MONEY TRANSFERS FOR AN EVERYDAY LOW PRICE"

To: russwinter who wrote (4391)	1/5/2004 12:44:56 PM
From: Wyätt Gwyön	Read Replies (3) \| Respond to of 110194

. Don't know much about Japanese politics, neither do the Japanese -ng-. and besides, the people who run the MOF and BOJ are career bureaucrats and not accountable to the electorat or anybody else. politicians are "fall guys" and are expected to feel the glove from time to time, but nothing changes fundamentally. but would think this mercantilistic wealth transfer to big business at the expense of the Average Joe there could be a political issue every day on the Japanese news program, they say the USD/JPY exchange rate. the sheeple have been trained: a weak yen is good; strong yen is bad. strong yen means more people lose jobs. they call this the endaka mondai--the "strong yen problem". a problem, indeed. just for grins, i typed endaka mondai into Japanese google and got 58,300 hits. google.co.jp the Average Joe has been so screwed for so long by their system, they do not care no exchange interventions. the whole basis of their mercantilist system is, after all, to fund exports through suppressed domestic consumption and price gouging of local consumers. this allows domestic cos to underprice in the US and take market share (all the mercantilist cares about is share, not profits). the very system of modern Japan is predicated on a strong dollar and weak yen, so i must think there is no end to the amount of intervention that could happen, until our whole global finance system unravels. things could get quite chaotic at some point--making the 1990s seem like a cakewalk.