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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (68931)3/13/2004 5:31:29 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
Japan has insisted they will keep supporting the US$ vs the YEN. To do that they buy the US$.

Yes, but talk is cheap... for years, governments have tried to stop the rise and/or fall of one or another country's currency, but none of those effort have ever succeeded, except to sucker people into believing it and losing money on those trades... the only thing I ever listen to is the market itself, and not the promises of government officials... the bonds look toppy, I took a short light position yesterday and so far so good... we'll see what happens, I could be wrong...

GZ



To: mishedlo who wrote (68931)3/15/2004 4:50:04 AM
From: robert b furman  Respond to of 94695
 
Hi M,

There is a lot more to but I think you hit the nail on the head.

Even Japapn will run out of Dollars at their current rate of expenditure.

I think they are peeing into the wind.

Big brother China has come to the trough and it is getting crowded.

My bet is Japan will have to learn how to live with the dollar and the yen @ parity.

I have no doubt it will be an expensive lesson for Japan to endure - They will kick and screaam all the way.

JMHO

Bob