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

To: Ramsey Su who wrote (5193)	7/13/1998 3:43:00 PM
From: Michael Sphar	Respond to of 9980

Rubin, today, on intervention: <<He gave nothing away on currency intervention, saying only: "We do things that we think we should when it's appropriate, and we will not do things that we think are not appropriate, and those judgments we'll make as we go along.">> Certainly glad he clarified that!<g> Sounds like he might be practicing as a stand-in for AG.

To: Ramsey Su who wrote (5193)	7/13/1998 3:58:00 PM
From: Bosco	Read Replies (1) \| Respond to of 9980

dear all - I am a bit puzzled about this paranoid-intervention discussion. If central banks [notice the plural here <g>] decide to buy and sell certain currencies, so big deal?! I mean, Secretary Rubin has fired a shot across the bow and the money traders shouldn't be surprised. Also, even without dealer <vbg> intervention, money traders really don't care if it is the yen or the dollar so long as they are making the dough [is 'dough' a generic term <vbg>?] Who knows, the ones selling the yen all night long can certainly reverse the course on a dime and buy the heck out of it if they think they can make twice the dough best, Bosco