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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 (9513)3/5/2004 5:41:11 PM
From: russwinter  Respond to of 110194
 
<I do not think currencies or treasuries can be manipulated over the long haul.>

I don't either, but to call this a "market" right now and to ask, "what did the market tell you today?," is a severe stretch of the term, "market" (*). Thus my answer, the "whatever" (somebody have the right word we can use?), told me the BOJ is now capable of very, very serious helicopter paper printing. Little wonder we have a serious inflation under way, with more added today.

(*) Webster's: "An appointed place for selling and buying at private sale." The BOJ coming in and swamping the market with buy orders for mercantilist purpose destroys the intent of a private market. Maybe starting to pay the price for this?
quote.bloomberg.com
Even Easy Al is now having problems with this one.
quote.bloomberg.com