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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Doug R who wrote (20888)8/29/1998 2:29:00 AM
From: Doug R  Read Replies (1) | Respond to of 79230
 
Well, since we're on the subject and my 15 minute edit window is closed...

Japan needs to keep working on anti-origami. They've been trying to learn it for about 8 years now and every time the possibility of a crease develops, some monetary system or another folds. The first crease caused the S&L crisis here in the early '90s. The swift reaction in the US to ameliorate that repurcussion was critical in giving the world monetary system some breathing room. After 7 or 8 years of breathing room, the system is exhaling again. Now it seems that the size and momentum of the European monetary union is the next shot of oxygen. The Euro is about to become pivotal and I think it will offer enough of a cushion to head off the current wave of instability that's rounding the globe for the second time this decade.
It may turn out that part (just part) of the extreme nature of the move in the 30 yr. bond is due to the mechanics behind the Euro. I'm going to start monitoring interest rates here as a possible indicator of success/failure of the initiative behind the Euro.
BTW, now there are rumors of Fed easing. Geez, those razor sharp pundits are certainly on the ball, eh? >>gg<<

Doug R