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

To: Worswick who wrote (806)	2/16/1999 9:21:00 PM
From: Thomas M.	Respond to of 2794

For what it's worth: Ron Insana recently reported that Mitsubishi was selling 22 million shares ($700+ million) of Union Bancal, citing this as a possible anecdotal sign of Japanese repatriation of capital. Apparently, this was a high profile acquisition, part of the Japanese spending binge of the late 1980's. biz.yahoo.com Tom

To: Worswick who wrote (806)	2/17/1999 5:28:00 AM
From: Bobby Yellin	Respond to of 2794

Message 7860357 a lot about derivatives told end of article :-) bobby

To: Worswick who wrote (806)	2/17/1999 8:17:00 AM
From: Sam	Read Replies (1) \| Respond to of 2794

Good morning, Clark, re: japanese taking their chips home with them I informally track foreign reserves of US debt in Barrons every week. A year or so ago, the number was going up, up up. Got up to around $640 or $650 billion at one point. Then last spring it started to drift down. Got down to around $550 or $560, as I recall, sometime late in the summer, early autumn. Then it reversed again, slowly drifting up, and it sits at just about $600 billion, as of last week's numbers. It seems to me that this number would be going down not up if the Japanese had decided to sell their dollars. Best, Sam