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


To: Knighty Tin who wrote (47704)2/18/1999 9:49:00 AM
From: valueminded  Read Replies (1) | Respond to of 132070
 
Mike/All:

Good news for the US markets, we have managed to convince the Japanese that 130 yen for the dollar is a good deal and that the rise in JGB is to be a temporary thing. We will convince them to talk it down as it is in our best interest to do so. So, I see nothing on the horizon to slow down this market, it has the money (courtesy of AG), people have faith in our dollar no matter what rate it expands at(consider the foreign holders of our debt, dollar is increasing in value) and we are putting most of the excess dollars to work in the markets. Seems to be difficut to upset this applecart.

It does seem interesting, that the companies with the most trouble finding capital within the markets are the "commodity" companies ie oils, etc In the long haul, this should be good as excess money gets thrown at areas which are already oversaturated - dram, semis etc.

what you think