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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 (4558)1/7/2004 4:53:39 PM
From: Jim Willie CB  Respond to of 110194
 
JYEN will rise from trade surpluses, BOJ sales of USTB

it is funny, but they survive in the fiat game
even though their bank system has in ruins
even though their bonds are stuck at tiny yields

they build and export
they save and spend little

currency rises for those who export and save
over & out
in the fiat game, little else matters
fiat plays by different rules

/ jim



To: russwinter who wrote (4558)1/7/2004 9:02:21 PM
From: Ramsey Su  Respond to of 110194
 
I am wondering if anyone knows exactly how this $45 billion bail out of the two Chinese banks happened?

By that I mean what exactly changed hands? So did the 2 banks receive cash? If that is the case, what did the banks do with that cash, leave it in the vault?

Banks have to turn cash into money making assets. So are these immediately loaned back out? Parked in US Treasuries? US Agency paper? Gold bars?