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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (60109)	5/2/2006 8:38:26 AM
From: Mike Johnston	Read Replies (1) \| Respond to of 110194

I heard that Bernanke has studied the Depression in great detail. He should have spent at least some time on 1923 Weimar Germany.

To: TobagoJack who wrote (60109)	5/3/2006 8:23:14 AM
From: sciAticA errAticA	Respond to of 110194

Baby steps to a common Asian currency By Shehla Raza Hasan atimes.com <snip> KOLKATA - The concept of an Asian Currency Unit (ACU) was resurrected last month by the Asian Development Bank (ADB) and will be considered again at the bank's annual meeting early this month in Hyderabad, India. After that it could be launched as early as the end of June.

To: TobagoJack who wrote (60109)	5/3/2006 8:33:28 AM
From: sciAticA errAticA	Read Replies (1) \| Respond to of 110194

And the money keeps rolling in … To Russia. Brad Setser May 02 2006 rgemonitor.com In 1998, Russia was very short on cash. It went to the IMF and got a $15 billion credit line. When it didn’t hold up its end of the bargain – taking steps to collect a bit of revenue – then Treasury Secretary Rubin pulled the plug on the program after only $5 billion had been disbursed. He argued that there was no point in throwing more good money after bad. $5b. Chump change. That is less than ½ of what Russia added to its reserves in the first three weeks of April. Russia’s reserves were $217.1b on April 21, up from $205.9b at the end of March. For the full month, Russia’s reserves will probably grow by $15 billion. By the end of the year, Russia will likely have as many reserves – around $300b – as the IMF has on deposit. Talk about a reversal of fortune.