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

To: mishedlo who wrote (6915)	2/4/2004 11:42:24 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 110194

are you expecting (like me) G-7 clear US$ support ? this will have two effects imho it will in the shorterm help push the dollar up more versus the euro but a serious browbeating of Japan is to happen while ministers will pursue orderly decline in the US$, if not actual bear bounces, they will beat on BOJ for not permitting the jyen to rise more so far the euro has risen over 40% from lows in 2002 so far the jyen has risen about 10% from avg value in 2002-2003 a tough balance to promote support the American Peso but have the JYen rise faster it all comes down to preventing EURO damage we have a hot potato being tossed from US$ to EURO, who are basically white men representing economies which dont export shit unless & until the JYen rises beyond parity, and Chinese Yuan gets a repeg 20% higher, we will not see any remedy whatsoever to the trade gap Stephen Roach makes a nice point, talking about the sub-10% decline in the broad US$ trade-weighted index I laugh when I read the DXY described as "trade-weighted" perhaps that description was apt in the 1950 decade / jim