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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Paul Berliner who wrote (1369)	3/4/1999 1:44:00 PM
From: Enigma	Respond to of 3536

Thanks Paul - interesting day - even here:http://www.kitcomm.com/nygold.asp d

To: Paul Berliner who wrote (1369)	3/4/1999 1:46:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 3536

excellent review. When put in the context of the article I am definitely in the pessimist camp.

To: Paul Berliner who wrote (1369)	3/4/1999 9:57:00 PM
From: Ahda	Respond to of 3536

First off Thanks Paul Why are we so different aren't we pumping aren't we controlling. Bank of America noted that both Japanese bond yields and the yen are "subject to political manipulation," and it speculated that the recent monetary easing was, "just another diplomatic gesture designed to placate international leaders.. Europe is not doing so well the emu is creating problems ther too aside form the known concern of a recessive UK.

To: Paul Berliner who wrote (1369)	3/13/1999 8:19:00 AM
From: Greg Jung	Respond to of 3536

Morning in Japan? The Dismal Science article slate.com ... But the events of the last few weeks suggest that there has been a sea change of opinion inside the Bank of Japan--a change similar to, but even more striking than, the abandonment of monetarism at the Fed during 1982. After years of warning about the risks of inflation and the importance of sound policy, the BOJ has suddenly begun flooding the market with liquidity. The overnight rate at which banks lend to each other--the equivalent of our "Fed funds" rate--has been driven down literally to zero. Banks now charge each other only for the administrative costs of making the loan. And still the expansion continues. It's still a bit hard to believe, but it looks as if Japan's central bank has been radicalized--that is, it has finally seen the light, has finally understood that in Japan's current state adhering to conventional notions of monetary prudence is actually dangerous folly, and only monetary policy that would normally be regarded as irresponsible can save the economy.