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

To: Worswick who wrote (704)	12/25/1998 11:46:00 PM
From: dfloydr	Read Replies (1) \| Respond to of 2794

That is a gloomy forecast for Europe!! Are the authors - Princeton Economic Institute - related to Princeton University? Sorry I do not know them. Floyd

To: Worswick who wrote (704)	12/31/1998 1:23:00 PM
From: Bonnie Bear	Read Replies (2) \| Respond to of 2794

Hi Worswick... I keep watching this market in awe. Oh, what has the brokerage industry wrought? The S&P has replaced the gold standard for US currency, because there is nothing else left... the physicist in me wants to scrape all the labels off and flip it around a bit... I notice that the price of my house, and the REAL price of gold (the price people are willing to pay for it if it were not artifically depressed) has kept up with the S&P. The local gold merchants have record sales, they tell me that foreigners living here take their paychecks and buy gold with them rather than leave them in dollars. My utility bill and rate increases, and health care premiums, have also kept up with the S&P. The only hard point here is the price of gold, it's easy enough to manipulate commodity prices and gold using futures. To put it another way, our salaries are being deflated and taxes raised to match the rest of the world using financial engineering. Now that the euro is here, all he has to do to finish the job is let the dollar float down to wherever it wants and hold treasury yield fixed to down to keep the derivatives bubble from collapsing. Sooner or later they can spring the gold price up after the rest of the damage is done.

To: Worswick who wrote (704)	12/31/1998 6:22:00 PM
From: Bill Murphy	Respond to of 2794

Worswick, Happy New Year. Thanks. Love to know what Martin A is thinking and spouting off about. He has much more brain power than I do. But I say $9.78 silver. He says $2.50. Proof will be in the pudding. Back when the yen was $1.45, I said Yen 125. He said Yen 250. I have a thread called Dollar Yen ambush on SI that articulates this way back when in the spring. If I am right, $99 or $999, or $9,999 is too little to pay. If you really knew I would be right, you might pay $99,999. I have former associates that are paid over $100,000 from individual clients, so that is a very reasonable amount. Tis all perception, confidence, desire, and need and greed. Best for you in 99, Bill Murphy

To: Worswick who wrote (704)	1/3/1999 4:35:00 AM
From: Frodo Baxter	Read Replies (2) \| Respond to of 2794

Clark, So I was reading an IMF report and I thought of you and your favorite bugaboo. P.S. On the opener to this thread, you said 50 trillion yen is equal to $725 billion dollars. That's a teeny bit off, but what's $300 billion between pals. Derivative positions of selected Japanese Banks (Billions of US Dollars) Notional Credit Equivalent LTCM 425 - IBJ 1,833 28.3 BTM 2,083 - DKB 1,383 14.2 Sumitomo 1,517 31.7 Sanwa 1,375 19.2 Fuji 2,808 18.3 Sakura 892 15.0 Total 12,317 126.7