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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Thomas M. who wrote (45941)2/6/1999 2:53:00 PM
From: Knighty Tin  Respond to of 132070
 
Tom, I don't know what he's talking about. As usual, with LK. <G> The US is a borrower nation, Japan a saving nation. We run a trade deficit, they run a surplus. They have low interest rates, we have high rates. We have no productivity growth, they had too much. BAsically, it is these factors that impact on the exchange rate, and how much of each. Right now, we are saving negatively, printing money at a manic pace, buying imported goods thanks to printing 36 hours a day at The Fed, and seeing the lowest productivity growth in our history. Japan, with all of its problems, has a sound currency and we do not thanks to excesses in these four factors. The currency has to readjust until some of these factors are forced back into line. IMHO

MB



To: Thomas M. who wrote (45941)2/6/1999 2:55:00 PM
From: Bonnie Bear  Read Replies (1) | Respond to of 132070
 
I hope his graduate studies are in something harmless.



To: Thomas M. who wrote (45941)2/8/1999 8:18:00 AM
From: Defrocked  Respond to of 132070
 
I don't know of any currently-employed traders that
would suffer a losing position for thirteen years and
still argue that they were right and the market was wrong.<g>


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