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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 (10507)	3/19/2004 9:05:05 PM
From: Archie Meeties	Read Replies (2) \| Respond to of 110194

I actually think it might be a fed study that came to the conclusion that small changes in rates do little to effect currency flows in the modern era. They are more driven by perceptions of return on capital, trade balances, and geopolitical stability. Case in point, the yen, which would probably still appreciate against the dollar if they charged you for holding it. As a footnote, the authors also noted that in some countries, such as Italy, small independent printing presses that could fit in the basement of a modest villa may also, for unknown reasons, have an inflationary effect.

To: mishedlo who wrote (10507)	3/20/2004 5:02:26 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 110194

Re: Bingo Too little too late All it will do is crash the stock market as well as housing Which leads to the easy conclusion that: Hikes ain't happening baby No. You aren't looking at the game from the perspective of the vulture funds. Who, after all, have Greenspan's ear while you don't. A stock market crash is a lovely thing if your hedge fund is positioned short. And a real estate debacle is just what the doctor ordered if you are a vulture fund like Prometheus or Carlyle waiting for the next opportunity to match the marvels of the Bangkok "see through" market in 1998. Buying distressed properties at 10 cents on the dollar is always a lucrative business, as long as one can carry the paper or pay cash.