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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: MikeM54321 who wrote (4139)	6/3/1998 10:40:00 AM
From: Sam	Respond to of 9980

Mike, Lester Thurow said in an article in Atlantic last January or February that the competition from the Euro could be what would bring the US to its knees. I think (emphasize that word) that the reason for this was that if other countries stopped financing our debt, our interest rates would climb to unexpectedly high levels. Bond funds have been lengthening their duration recently, giving us an amazingly flat yield curve. That would suggest to a contrarian that something bad like that may be in the cards in the not very distant future. But first, they have to be lulled into a self-congratulatory stupor as rates fall a little further.

To: MikeM54321 who wrote (4139)	6/3/1998 12:17:00 PM
From: Michael Sphar	Read Replies (2) \| Respond to of 9980

I too am confused by this impressive number - $600 billion. If you annualize the April inflow of $28B thats only $336B. Some other points of confusion for my overly dense grey matter: How is it that this "world's largest debtor nation" is also the largest fund source of the IMF ? Where's all that cash going to come from ? (guarding my wallet). If the Japanese people have socked away so dang much moola in their Postal Savings, why are their non-transparent banks in such dire straits ? Haven't these figured out how to get between their people and their money ? If $600B is already inflowing from Japan yearly, why would the Big Bang which Zeev estimated might yield a cash inflow to US securities of an additional $60B/year have such a big effect on US stock market ? Worswick, Mike, Zeev ? Please forgive if I appear confused, I sacrificed what little brainpower I have to computers and semiconductors years ago and had no bandwidth for these larger economic issues.