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


To: russwinter who wrote (8351)2/20/2004 7:39:20 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 110194
 
russ, keep in mind Japan exports to other USD peg'ed countries and then the devaluation of the JPY makes sense.

Japan GDP grew 7% last quarter v. Europe below 2% annualized



To: russwinter who wrote (8351)2/20/2004 9:02:19 AM
From: mishedlo  Respond to of 110194
 
Rising energy costs boost U.S. consumer prices in Jan.
Consumer prices rose a sharp 0.5 percent in January, the Labor Department reported Friday. This is the largest gain in the CPI since Feb. 2003. Over three-fourths of the increase in the consumer price index came from higher energy costs, which rose 4.7 percent. Excluding food and energy costs, the core CPI rose 0.2 percent in January. Over the past 12 months, the CPI has risen 1.9 percent. The core rate is up 1.1 percent. Economists were expecting the CPI to rise 0.3 percent and the core rate to rise 0.1 percent.



To: russwinter who wrote (8351)2/20/2004 10:12:15 AM
From: Crimson Ghost  Respond to of 110194
 
Japan intervention indeed extreme, but to date they have lost just a modest portion of of the money put up to support the greenback.



To: russwinter who wrote (8351)2/20/2004 11:23:46 AM
From: t4texas  Read Replies (1) | Respond to of 110194
 
japan's dollar intervention is more related to japan's desire to stay market share competitive in it's huge china trade. as long as china stays with its dollar peg and the dollar stays weak, japan will likely intervene. in addition the stronger yen would make japan's deflation much worse. just my opinion. japan's trade with china now and in the future is all critical for japan in japan's view.