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To: MonsieurGonzo who wrote (2363)	4/17/1998 5:14:00 AM
From: smolejv@gmx.net	Respond to of 11051

>>the FED has already figgered out how to dump those BOJ bondz using their newfangled 'lectronic trading system. You're reading philosophy again, Professor; I'm reading the news << Courtesy of National Enquirer wire service? What about liquidity as a plain-vanilla news item? There's simply not that much new wealth created as this money wil be able to go for, whether we are practical or philosophical about it. >>The BOJ can print Yen until the sun goes down - they got bucks all over the place to deflate<< Huh %\?! That means that bucks, the good ol' In-God-we-trust US dollars *will deflate* ? (I hear the church lady shout her Satan word here). According to you, No way Jose. Re Europe: higher returns mean higher risks, right? Re German economy, I'm not as pessimistic as you seem to be. The exports are still on the rise and the internal consumption is picking up. For real. >>The DEM is what, 1.80 now? Hah! After you get finished taking care of the French - maybe 2.16... << Man, the higher the exchange rate, the better for Germany - for now. Dont forget the Germany's first name is Export. Janko PS: re taxi fare from the Tokyo airport: Factor in the night at the motel while you are on the way from Narita.