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

To: Wyätt Gwyön who wrote (5246)	1/16/2004 1:22:20 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

well done. I did not look at a chart but my guess is that we bounced exactly off that old intermediate hign in the treasuries. I can not chart intraday so you tell me. I see yields possibly bouncing up to 4.14 or so and then we see yields head back down. that is my primary svenario. Mish

To: Wyätt Gwyön who wrote (5246)	1/16/2004 8:15:41 PM
From: NOW	Respond to of 110194

Richebacher supporting my view on Japans other intentions in currency intervention: "Yet the Asian countries, ex Japan, have a second reason to run a surplus with the United States. It is the main source of the high-powered money of their banking systems. As their central banks are buying gargantuan amounts of surplus dollars, they create liquid reserves for their banks that foster the lending boom to their domestic producers. Vastly excessive reserve growth is creating vastly excessive money and credit growth, stimulating and financing an unprecedented investment boom, similar to that in Japan in the late 1980's."