Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (44509)	1/11/2004 8:00:38 AM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

ROTFLMAO ! <<The Ministry of Finance Has A Message For You." It seems that the Japanese, acting like the profligate morons that they are, are issuing so many yen to prevent the US dollar from depreciating against the yen that the sheer weight of it is causing the Earth to wobble in its orbit around the sun>> We are so doomed, to crash into the sun, without sun screen :0) ... South Seas Bubble, Episode XIV

To: smolejv@gmx.net who wrote (44509)	1/11/2004 8:16:10 AM
From: macavity	Read Replies (2) \| Respond to of 74559

I think this intervention is completely un-sterilised. I.e. The Yen that they are using is coming straight of the presses. This was a scenario that I have been expecting. The Euro is meant to be 15% gold-backed, or rather 15% of the reserves by value should be bullion. If the US is monetising debt, Japan is using unsterilised intervention then hard assets have only one way to go. This is why I remain bullish 30Y bonds while $TYX<5.50%. The Japanese are prepared to buy US Treasuries, and MR G KBE refuses to let long-term rates rise. We therefore have some pretty serious buyers out there. Japanese CB, The Fed, and the Chinese CB (while it suits them). BWDIK ? -macavity

To: smolejv@gmx.net who wrote (44509)	1/11/2004 8:22:01 AM
From: elmatador	Respond to of 74559

<<How many yen?>> USD93bn equivalent. I posted in BBR but can't dig it back.