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To: goldsnow who wrote (24804)	12/22/1998 4:41:00 PM
From: Bobby Yellin	Respond to of 117010

Hi- do you think it was a coincidence that Japan did what it did right before Greenspan didn't lower rates..wonder if this is another desperate measure among the two governments to try to bring a turnaround.. Don't you think it might affect liquidity since the cheap borrowed money from Japan has helped create this bubble big time? Aren't they helping in their own inscrutable way to take some air of the bubble before the Euro.. Also we don't know how many loans were made in dollars..so a stronger yen might not be that bad? I might be way way off base.. I guess I am assuming there is method to their madness.(although they did buy real estate at top..)(also commodities are denominated in dollars and it would definitely help their industries to have a higher yen to pay for commodities? does the yen really compete with the dollar since I thought a lot of the Japanese conglomerates own a great deal of southeast Asia so they can make money that way.. sorry about being so convolutated.. help Bobby ..a capitalist..or should I say cattopalist go Snowball!