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


To: Knighty Tin who wrote (61532)6/6/1999 9:49:00 AM
From: Lucretius  Read Replies (1) | Respond to of 132070
 
as I am sure you are aware... Bus Week has been a pretty good contrarian indicator for some time.... :)



To: Knighty Tin who wrote (61532)6/6/1999 11:15:00 AM
From: Freedom Fighter  Read Replies (2) | Respond to of 132070
 
Mike,

>>Another reason why Japan's salvation lies in raising, not lowering,
rates. Could this be why Rubin and Sommers were so hot to get Japan to lower rates?<<

These are the types of questions that make me very suspicious of central bankers, government, Wall St., the IMF, and other key players in the economic decision making process. What's in the best interests of those in power is very often not in the best interests of the world in general or when considered from a longer term perspective. Yet economics is such an inexact science and there are so many different views that you can never demonstrate irrefutably the true intentions of the players. You can only be highly suspicious. Regardless, it does seem to me that at a minimum many bright people are way too short term oriented and willing to put off and compound problems. And way too high a percentage of the public doesn't even understand the questions let alone struggle like I do to find the answers. So it's highly likely that we will continue to take it where the sun never
shines <g>.

Wayne



To: Knighty Tin who wrote (61532)6/6/1999 6:13:00 PM
From: valueminded  Read Replies (1) | Respond to of 132070
 
Mike:
<Could this be why Rubin and Sommers were so hot to get Japan to lower rates?> I will presume this question is rhetorical as the answer is obvious. One of the catalysts that would kill our bubble (and imo improve Japan) is the raising of the Japanes bond rates. It is in our best interest to telll them to keeeep them rates looow.



To: Knighty Tin who wrote (61532)6/7/1999 6:51:00 AM
From: ForYourEyesOnly  Read Replies (1) | Respond to of 132070
 
"Business Week predicted a return to the Yen carry trades this week. "

Interesting....but, unless one has a very good crystal ball, betting on Japanese interest rates at this point seems like flipping a coin. Who knows where the rates will go?

I may be wrong, but it appears to me that with the huge Japanese bond offerings this year:

*If the BOJ goes ahead and buys most of the bonds, they can keep interest rates low.
*If the BOJ does not aggressively support the bonds, who knows how HIGH rates will go? WHO could buy that many bonds?

What do you think?

Thanks!

THC