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Gold/Mining/Energy : GOLD-XAU -- Ignore unavailable to you. Want to Upgrade?

To: Tom Byron who wrote (700)	12/17/1997 9:36:00 PM
From: philv	Read Replies (1) \| Respond to of 1756

Tom: Things always make more sense after reflection. Japan sold U.S. paper for Yen, thereby driving up the Yen, and at the same instant she injected billions of dollars by way of tax cuts into the economy. This is quite a balanced approach. Happily for Japan, they have massive foreign reserves (300 billion US treasuries). Seems like a pretty good result for Japan although problems for the U.S. I heard the Japanese P.M. say they would not do anything to bring on a global crisis. This is an obvious reference to selling of U.S. treasuries. So, it is a go slow approach. I am still wondering however what effect the tax cut has on Japan's debt. regards: Phil