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Just yesterday the US Government bought $10 Billion worth of 30 year T-Bonds
for the Japanese Govt to offset the Japanese Govt's purchase of US Dollars
the day before when they intervened to stave off another round of Yen
strengthening. There are examples practically every month, and they are
widely reported in the press. At some point the news agencies will report
that the US Govt has been buyng stock to support this market and to try to
stave off the inevitable panic. Think about it, if a government is quick
to support its currency, wouldn't they be just as quick to manipulate its
stock market ? since the economy is tied to equity prices. It is sick how
far this administration has painted itself and the lemming star gazing paper
chasing citizens into a corner.
Here we have a country, Japan, in a deep recession after having its market
bubble burst 10 YEARS earlier, and their government pumping HUNDREDS of
billions of dollars for years to try to stimulate their economy (to no
avail), and the currency traders feel that their currency should strengthen
against the US Dollar. I agree that is most certainly should, given the
absolute insane levels of trade deficits this government has allowed to
amass, and the staggering levels of debt it in under. At some point, the
market will prove to be bigger than they are.
----- Original Message -----
From: wong <whs@xxxxxxxxxxxx>
To: <jptaylor@xxxxxxxxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, April 05, 2000 1:37 AM
Subject: Re: [RT] US Govt. Manipulation of Stock Market
> Hi James:
>
> Please explain.
>
> This is the FIRST time I've heard of something like that. It's very hard
> for me to believe, and I'm NOT convinced that's the case.
>
> Please "prove" why this is a "proven" fact, with regard to the US
government.
>
>
> Thanks in advance!
>
>
> Wong
> ==========================================
> At 10:13 PM 04/04/2000 -0700, James Taylor wrote:
> >It is a proven fact that governments manipulate their stock, currency and
> commodity markets, and today was a >classic example. There is absolutely
> no other explanation of
> >the massive rebound.
>
> >Does anyone know the details ?
>
> >Who does the government execute orders thru ?
>
>
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