This is more a case of investors pouring money into the Japanese economy than a case of investors scooping money out of the U.S. economy, ... The dollar is weak against the yen, but strong against almost all other currencies, which suggests to me that it's speculative money flowing into Japan.
More Quotes from Carl Weinberg:
We think the market was too fast to move stock prices up in anticipation of an economic recovery, ... The Nikkei is set to slide.Carl Weinberg
If the governments do not reaffirm their commitment to repeatedly intervene until the currency stabilizes, the intervention will fail.
Carl Weinberg
The catastrophic destruction of wealth than began in January 1990 has left assets equities and real estate, mainly deflated against a mass of liabilities that are mainly bank loans.
Carl Weinberg
The growing perception is that Japan is falling back into a dark hole of recession again.
Carl Weinberg
It's not so much a matter of if, but when rates will have to rise. There's a distinct possibility that if we see more evidence of strong growth, the Fed will move sooner rather than later.
Carl Weinberg
Strong economies and low inflation may not be inconsistent anymore.
Carl Weinberg
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If they had a social gospel in the days of the prodigal son, somebody would have given him a bed and a sandwich and he never would have gone home.
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Now even the American command is under siege. We are hitting it from the north, east, south and west. We chase them here and they chase us there. But at the end we are the people who are laying siege to them. And it is not them who are besieging us.
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