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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: ForYourEyesOnly who wrote (3512)	2/18/1999 3:03:00 AM
From: IngotWeTrust	Read Replies (2) \| Respond to of 81190

THC, guess I didn't make myself very clear N my previous exchange w/U. I agree w/you that Martin Armstrong spent a great deal of time bashing Japan, and for all the reasons you said you agree with. HOWEVER, Japan has been on the brink for what, 8-9 years now. What is different today than yesterday? Last 6months? Last year? Well for starters, your yen is stronger, and well it should be. The Yen carry trade worked its rebuild capital base for your banks. And Seidman's careful groundwork for the last 11 years has finally paid off in some very VERY important banking law changes over there in your fair land. In POF, the very day, the vote was taken and the final piece of the bailout puzzle was voted into law after 9 years of behind the scenes wrangling, politically in Japan, the Yen CARRY TRADE collapsed, and the Yen started its rally. That 23% rally in 2 days has NOT evaporated my friend. It is just that our perceptions can change quicker than our laws and traditions. Especially in a land of traditions going back to almost the beginning of time itself. The worm has turned. The worm has turned like a great big aircraft carrier on the highseas, tho'. It is just that the futures markets and the deriv markets, and the stock markets, and the car markets, and all the other markets put together can talk about things quicker, especially in these days of the 'net, than actual reality of the logistics of moving said "aircraft carrier/Japanese economy" can turn. I'd like to remind you one more time, the G-7 is all about which nation goes to the crapper while the other 6 survive. And then it's time for another nation to swoon and moan and carry on. It was our turn for the longest time, then it became Japan's turn. And 9 years is about long enough. Another nation will be in the crapper shortly. But your worm has turned, your yen is stronger, your laws have been changed, and Greenspan/Rubin have engineered your survival. That is until the next Fed Res. Chief is named, or Rubin quits. Cherrio, kind sir. O/49r