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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (49359)	4/29/2009 2:48:42 PM
From: Canuck Dave	Read Replies (1) \| Respond to of 218585

No more Yen carry trade? Who's left to print money from a relative position of strength? China? T=0. approaches, at the rate of one second per second as we used to say in the philosophy of science dribbles... CD

To: TobagoJack who wrote (49359)	4/30/2009 3:28:02 AM
From: energyplay	1 Recommendation Read Replies (3) \| Respond to of 218585

The rapid contraction of the Japanese economy should be a real concern. Japan has had the benefit of high consumption in the US and EU, especially for high end goods. Part of their long term problem is Korea is eating their lunch. Samsung & LG now sell a lot more mobile phones than Sony, Panasonic, Sanyo, etc. used to sell. Hunydai, Kia are selling more cars. And China is picking up other areas - I am typing this on a Lenovo, previously I was using a Toshiba. ***** I am not sure the other parts of the message hang together. Remember the Japan debt is at VERY LOW interest rates. I think much of it was issued to 'sterilize' the trade surplus. So I think the author may be in error there about the effect of the 200 % of GDP debt. If the value of the JPY drops, their exports will become more affordable. One reason the Yen is so high is the unwind of a decade of the yen carry trade. I expect we will see much wider swings in the value of the Yen, as Japan's ablitiy to manage the currency has decreased.