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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Joe Dancy who wrote (5193)	4/20/1998 11:57:00 AM
From: MikeM54321	Respond to of 10921

>The tactic worked. The yen was strengthened nicely and Japan's ego got a boost.< This is just plainly not accurate. It only worked for about 3 hours, then the Yen lost strength again and now sits even weaker than ever. I just cannot believe the New York Post can blatantly mis-represent what actually happened. But since when have reporters been accurate and unbiased. >This column has been warning for years that the U.S. has put itself in an impossible position by encouraging countries like Japan and China to buy massive amounts of our debt< Sounds like the author put in a phone call to Jimmy Rogers years ago and they both decided they would yell, "The sky is falling." For all these years. Like I've said before, if you say something long enough, eventually you may eventually be correct one day. I don't want to say the author and Jimmy are "wrong," but consider Jimmy has been at it for about eight straight years now. If you listened to him about eight years ago, your money would have been under your mattress for a very long time ago. I don't know enough to get into the heads of all Japanese, but I'm sure a lot of them are very happy with the returns they have been getting on a very safe investment in US treasuries for the last eight years. They earn about one-quarter of one percent if they invest it in their own government debt! They have earned at least 5% here. Their country has been severely hammered for eight years by a almost depression like state, the US has been on a roll. So it's not hard to do the math. Yet for some reason it just doesn't seem like Jimmy Rogers or the author of the Post article ever even want to hear about the opposing view. It's so strange, it's almost seems like it's a psychological problem with them. But their veiwpoint does make interesting reading. MikeM(From Florida)

To: Joe Dancy who wrote (5193)	4/21/1998 6:46:00 PM
From: still learning	Read Replies (1) \| Respond to of 10921

I read John Crudele's column regularly. He bugs me. He's been saying the stock market will collapse for 2 years now, and keeps recyclingthe same column over and over. Aside from the factual inaccuracies (which someone else already posted) re the yen/dollar rate, it makes no s3ense for Japan to dump U.S. Bonds, since that would place extreme political pressure on them and would be the exact opposite of what the US gov't would ask them to do. In other words, it would be a big kiss off to the US, which wouldn't help anyone's situation. It's far more likely they continue to do nothing than do something dramatic like that.