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To: PaulM who wrote (4123)12/10/1997 10:01:00 PM
From: philv  Respond to of 116871
 
Paul: I agree that US is redeeming some Japanese Bonds. But.

Picture this though. Two gladiators with equal big clubs. USA & JAPAN.

Club USA reads "Trade deficit $50 billion"
Club JPN reads "Holding US debt paper"

Will they hammer each other?

Phil