elleng
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Sun Aug-07-11 10:28 PM
Original message |
Japan Says Market Trust in Dollar, Treasuries Unshaken. |
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Edited on Sun Aug-07-11 10:30 PM by elleng
Source: nyt/reutersJapanese Finance Minister Yoshihiko Noda said on Monday that market trust in the dollar and U.S. Treasuries has not wavered in the wake of a U.S. credit downgrade, indicating Tokyo's readiness to maintain its massive holdings of U.S. government bonds. Read more: http://www.nytimes.com/reuters/2011/08/07/world/asia/news-us-japan-economy-noda.html?ref=reuters
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Amonester
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Sun Aug-07-11 10:32 PM
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1. They've been through this kind of 'mess' before.... |
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Gotta keep the 'confidence' illusion going, I guess... (maybe 'hoping' that alone will suffice... since nothing else (re: TAXING THE RICH) will...).
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elleng
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Sun Aug-07-11 10:37 PM
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2. Much if not most of market 'action' is based on illusion, emotions, etc. |
Amonester
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Sun Aug-07-11 10:46 PM
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3. Agreed. And it all leads to... |
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Eco-system destruction, in the end.
Everything 'points' in that direction.
Although 'some' efforts are made to respect the environment, it's still far from enough.
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AtheistCrusader
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Mon Aug-08-11 12:24 AM
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4. They hold about a trillion in US securities, so kind of a poison pill. |
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They have to pretend it is delicious. Fail to, and it will evaporate.
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jwirr
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Mon Aug-08-11 12:55 AM
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5. So that is what their leader told them - are the traders on the stock |
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Sun May 05th 2024, 06:07 PM
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