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And I bet that the FED doesn't even know that the White
House is doing this from that bunker in North Dakota <g>. I
guess all's fair in the attempt to ensure that Gore gets
elected...
JW
-----Original Message-----
From: listmanager@xxxxxxxxxxxxxxx
[mailto:listmanager@xxxxxxxxxxxxxxx]On
Behalf Of James Taylor
Sent: Tuesday, April 04, 2000 10:55 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] Re: US Govt. Manipulation of Stock Market
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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