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To: Defrocked who wrote (10076)	11/2/1998 2:10:00 PM
From: Cynic 2005	Respond to of 86076

Def, thanks for the link. A wise man on this thread has speculated about the following possibility already. -g- <<Monday November 2, 1:13 am Eastern Time Central banks may act if $ goes below Y110-dealers By Kanta Watanabe TOKYO, Nov 2 (Reuters) - U.S. and Japanese financial authorities could intervene to defend the dollar if it slips below 110 yen, as its free-fall could throw the world into deep economic chaos, dealers and analysts in Tokyo say. ''Pressures on the dollar are mounting as no fundamental solutions are in sight for debt problems in Latin America, Russia and China,'' said Shigeo Ichioka, a strategist in the market trading department at Asahi Bank. ''A real crisis could start if the key reserve currency faltered. So there is a good possibility that central banks will intervene if the dollar falls below 110 yen,'' he added. The level near 110 yen was crucial as Japanese investors could stampede to hedge against further losses if the greenback stayed below that level too long, dealers said.>> A lot of red for the buck in Europe. cbs.marketwatch.com

To: Defrocked who wrote (10076)	11/2/1998 2:11:00 PM
From: Investor2	Read Replies (2) \| Respond to of 86076

Wasn't it a month or two ago when everyone was saying that financial collapse was imminent because the Yen was moving beyond 146 to the Dollar? Now we are supposed to worry because it is below 115. What happened? Best wishes, I2