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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (452)	10/8/1998 1:15:00 PM
From: Enigma	Read Replies (1) \| Respond to of 2794

Ahhaha - not too sure? Can't remember a time like this, (87 maybe), but remember, falsely perhaps, that it was simpler. 73/4 there was an 'international currency crisis', but can't think it was on this scale. It was at the beginning of the rise in gold and gold stocks. E

To: ahhaha who wrote (452)	10/10/1998 1:05:00 PM
From: Worswick	Read Replies (1) \| Respond to of 2794

I can't help but think that much if not most of the liquidity of the world has been driven by Japanese interest rates. So. We are now to the point that it is very, very dangerous to be effectively "short" the yen to buy dollar instruments...and be committed to paying back now hugely inflated yen loans by selling dollars. The "players"... by arbitraging the rise of the dollar against the yen have now put themselves in a trap 5X to 10X the Russian debacle. All of this deflationary. All of this will cause capital to draw into itself.... My best to you, Clark And we haven't even (yet) faced the Brizilian problem.