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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2336)	3/17/2004 4:44:45 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 116555

first round always see distributors eating part of the loss second round they all begin to pass it along, out of survival third round they all pass it along, out of common sense saw it with Japanese imports last autumn same story, just as I outlined in "Dragon at the Back Door" that was last October, a decent piece I needed to document and crow about a correct JYen breakout call that call went directly against KRickebacker's view I stood my ground, even as the brilliant crotchety guy said some nasties to me, like "what do you know about currencys? to him I said something like "I know a good deal, more than you think, without credentials" gold-eagle.com an excerpt: The list of Japanese brands selling into our economy reads like a "to-do list" before a long vacation or a house sale. Sony, Kenwood, JVC, Hitachi, NEC, Sanyo, Canon, Ricoh, Kyocera, Nikon, Fuji, Komatsu, Toyota, Nissan, Honda, Mutsubishi, Bridgestone, and more. A rise in the Yen will first see Japanese exporters scramble to eat profit margins, for the purpose of preserving market share and distribution contracts. After they tire of kicking each other in the shins, they will allow the inevitable price increases in stores, showrooms, and supply chains. Now, it will be incumbent upon exporters to employ the necessary survival tactic, currency hedging on forward contract sales. Alert American consumers will mark time for higher prices on Japanese imported products. This road has no detour, only delay. / jim