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

To: Crimson Ghost who wrote (8349)	2/20/2004 7:34:20 AM
From: russwinter	Read Replies (4) \| Respond to of 110194

I agree with these Temple thoughts, have for awhile actually. Lifted this comment from the latest Contrary Investor, says it all. Japanese spending hundreds of billions buying Old Maid cards to defend a mere $65.97 billion trade surplus with the US. It would be so much easier and efficient, to instead just send a XMAS card with a $250 gift certificate, redeemable for "Japanese made goods only", to every man, woman, and child in America. "And our third largest deficit position is with a country who won't think twice about spending four to five times its trade surplus position with the US just to intervene in foreign exchange markets? In fact, Japan spent more than the current total US trade deficit with Japan in January alone of this year attempting to intervene in the dollar-yen cross rate. Simply incredible when looked at in these terms. They'd have been better off simply giving the US the money and mandating that it be spent on Japanese products. Does this tell you how extreme Japanese intervention attempts have become? "