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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Greg Jung who wrote (2097)	10/10/1998 9:01:00 PM
From: Moominoid	Read Replies (1) \| Respond to of 3339

Miyazawa said he saw no need to intervene. My horrible suspicion is he thinks a strong Yen is good for Japan's national pride and vice versa. This is the point where the Japanese take their money home IMO. It's already happening. They just lost a lot due to the rise in the Yen. The Fed is now much less likely to cut further due to the anti-deflationary impact of the falling dollar. In my opinion this is the second great blunder in this crisis after the IMF's austerity plans which were a major contributing factor. Look at what happened in 87. Yes conditions are different but a lot of the same things are happening. Because a lot of people expect the crash it may be a lot more ordered decline this time, which we are already half through. David