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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Kip518 who wrote (15686)	4/7/1998 7:57:00 PM
From: Mark Bartlett	Respond to of 94695

Kip518, <<If the Japanese are pushed to the point that they begin to liquidate their enormous U.S. holdings -- selling dollars & buying yen -- obviously U.S. markets would get a triple whammy -- falling bond prices, rising interest rates & a collapsing dollar (not to mention a major government crisis). ...... We trust that such a thing will not happen because the Japanese hold too much of our paper -- they wouldn't be able to get out fast enough not to be hurt too.>> If the Japanese do it when the EMU announces their intentions, and if the EMU holds significant gold reserves (>15%) .... N/A may get a quadruple whammy. Japan could support the new Euro if they sold their US treasuries _if the Euro is perceived as a strong alternative currency .... and with a strong gold backing, I think it might be perceived that way. MB