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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Mark Z. who wrote (22156)	11/4/2004 8:00:30 AM
From: bull_derrick	Respond to of 23153

Yes, I know about the Chinese buying the Treasuries. In fact, when Snow was bugging China to float the Yuan, China outright threatened to stop buying Treasuries if Snow didn't leave them alone as a form of blackmail. Unfortunately, it appeared Snow blinked because the discussion went right out of the news after that. On Soros, he was known to have broken the Bank of England about 12 years ago. Futures and future options allow one to margin their money far in excess of equity. I belive Soros could move the market with 1 billion or less provided that the other traders and hedge funds decided to join in. In that article that I posted, Soros went very public with his position and several articles appeared that day. Someone else posted that Buffett did the same. So, if you have Soros and Buffett and 20 hedge funds jumping in, yes the market will move. Add to that, you have governments that are philosophically opposed to intervention (you noticed Soros didn't mess with the Yen because Japan definitely intervenes in their currency), and its a plausible trade from his perspective. If the weaker dollar drives up imported goods and makes gasoline more expensive before a guy you hate is running for office, so much the better.