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To: Henry Volquardsen who wrote (1826)	4/17/1998 9:38:00 AM
From: Chip McVickar	Respond to of 3335

Hello Henry -- OFF Topic Message 4079331 Here's a bearish spinn on the G7 meeting. The Yen has moved around rather gracefully for you currency traders. 3 dollars both ways are some nice swings .....hope you were able to take some profits..? News papers-broadcasters are filling their spaces with chatter these days on Japan and the Yen. Something must be causing concern for the all this activity. Governments and Central Bankers like the dark corners of the news unless they are out for reassurance....and placation. After BoJ 300 Billion investment....they must be very confussed. Amazing to see such entrenched paralyzation. Got to be a serious deep neurotic problem in the collective psyche of the countries leaders. I thought Sony chairmans' comment on Hashimoto as a "Herbert Hover" was right on the money....and a very telling and important developement for the future of Japanese industry. They must be furious.....? Japan is still a mighty big IF....and when/if they go down the sinkhole the impact will knock about 15-25% off the worlds markets. Maybe we will see a currency board established for Japan. From the news papoer articles I've read Hawnke(sp) looks brillant and offering some astute insight into fundamental workings of capitalistic excesses. No wonder the IMF doesn't like his work. Has he written anything..? Check out this book: "Prosperity: The Coming 20-Year Boom" Bob Davis -- David Wessel Conjecture that we are poised on a spurt of increased productivity similar to electricities effect on industrial productivity. Very interesting....I have yet to read it....but idea is fascinating. Take Care Chip