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


To: mishedlo who wrote (18686)12/15/2004 7:07:55 PM
From: yard_man  Respond to of 116555
 
what a comic!!!

biz.yahoo.com

Bush Pledges Strong-Dollar Policy
Wednesday December 15, 6:36 pm ET
By Martin Crutsinger, AP Economics Writer
President Bush Pledges Strong-Dollar Policy by Cutting Federal Budget Deficits



To: mishedlo who wrote (18686)12/15/2004 7:32:39 PM
From: patron_anejo_por_favor  Respond to of 116555
 
<<Someone tell me who the F would buy these?>>

Beardstown ladies, trying to neutralize excess profits in their capital gains before the tax year ends!

They are the very definition of "return-free risk"....<NG>



To: mishedlo who wrote (18686)12/15/2004 8:00:00 PM
From: FiveFour  Respond to of 116555
 
"who the F would buy these?"

someone swaping out of dollars... there are probably more than a few of us that would rather hold Japanese treasuries at 0% (no credit risk sovereign debt) than US treasures at 2% in the current dollar environment.

also recall that Japanese are savers and for them, 0% treasuries may be better than holding hard cash. also Japanese money market funds have to put their excess cash someplace liquid.