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

To: Crimson Ghost who wrote (5852)	1/22/2004 3:28:25 PM
From: russwinter	Read Replies (2) \| Respond to of 110194

Perversely, the intervention is causing the USD to drop and yen to surge, by driving down bond yields. Private foreign bond holders just sell to the BOJ, and get back into their own currencies (and tangible commodities). I think it's been happening all along, now escalating. Central banks (primarily one, the BOJ) are the only significant buyers of US treasuries and agencies left. What a way to run a world economic system. Gold's been slightly spooked by the Bundesbank talk, but look at silver, copper, PGMs.