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To: Bobby Yellin who wrote (4813)12/27/1997 3:52:00 PM
From: Jack Clarke  Read Replies (3) | Respond to of 116762
 
Bobby:

Barron's also shows (page MW 101, Fed Reserve Data Bank)that the foreign holdings of US debt continue to decline. It's -12,474 Billion for the last week. I've been watching it fall weekly for a number of weeks, it seems.

Everyone has been saying for a couple of years that if the Japanese and other foreign CBs either start selling their US treasurys or even if they stop buying them, it will be bad for our interest rates and subsequently our equity markets. My question is: "When does it get bad enough for this to start, or has it?"

Any thoughts from you or anyone else on the thread would be appreciated.

Jack



To: Bobby Yellin who wrote (4813)12/28/1997 9:48:00 AM
From: Bucky Katt  Respond to of 116762
 
BY-- There are no holes to poke in the bubble story in Barron's.
As with anything, having a seat when the music stops is very important.
Ignore what he says at your own peril.

As Will Rogers said, "The return of my money is more important than the return on my money".
This will be the new mantra of the masses of mutual fund investors who think it is their god given right to get a 35% return every year.