Posted on 03/17/2008 6:41:36 AM PDT by Lazamataz
This must have been part of what had occurred:
Japanese government intervention in the currency market
In the 1970s, Japanese government and business people were very concerned that a rise in the value of the yen would hurt export growth by making Japanese products less competitive and would damage the industrial base. The government therefore continued to intervene heavily in foreign-exchange marketing (buying or selling dollars), even after the 1973 decision to allow the yen to float.
Despite intervention, market pressures caused the yen to continue climbing in value, peaking temporarily at an average of ¥271 per US$1 in 1973 before the impact of the 1973 oil crisis was felt. The increased costs of imported oil caused the yen to depreciate to a range of ¥290 to ¥300 between 1974 and 1976. The re-emergence of trade surpluses drove the yen back up to ¥211 in 1978. This currency strengthening was again reversed by the second oil shock in 1979, with the yen dropping to ¥227 by 1980.
http://en.wikipedia.org/wiki/Yen
Thanks for the info.
yw
I simply asked you if you were predicting a depression.
From one of your first posts on this thread:
The market/economy is in deep doo doo; the fed is putting off the inevitable, making the consequences inevitably worse. In the meantime, we hear lies by the feds, corporate greedholders, and certain posters who have obviously gotten their 30 pieces of silver, that all is well. Yet more evidence just last week with Bear Sterns' claiming that there's "no substance to the rumors" that it was facing liquidity/financial problems.
Now does that sound like you're predicting roses and sunshine?
Or does it sound like you are predicting dire economic stratits and claiming conspiracy. I rest my case.
You did NOT "simply" ask anything.
groanup: "The Dow is actually up at the moment. DAMN! WERE NOT GONNA DIE!
The person who is hyperventilating on this thread is YOU.
Check mate.
Is all of this beyond your comprehension? Look back over the posts. You can apologize afterward.
You never addressed my question of whether you were predicting a depression. You ignored it. You lose round 1,2 and 3. Game over.
Toddster is right. You are one of those people who can be incredibly wrong and never realize it.
When does he start throwing spitballs?
He’ll just hold his breath and stamp his feet.
False. That is NOT what you stated. What you stated is in RED, below, and is YOUR OWN IDEA, attributed to me.
To repost the entire post within context, once again:
To: groanupThe market also rallied before the Depression.
A recession is borne out by statistics after the fact. The reality of a recession is brought out by anecdotal evidence, during the fact.
And statistics can show whatever someone wishes it to show....especially since .gov has altered how things are measured from time before.222 posted on 03/17/2008 3:05:38 PM EDT by nicmarlo
Which was in response to this comment, by you:
To: ToddsterpatriotThe Dow is actually up at the moment. DAMN! WERE NOT GONNA DIE!
220 posted on 03/17/2008 3:03:45 PM EDT by groanup
From which you made up, whole cloth, the following, and attributed it to me:
So are you predicting a recession based on today's rally?
So............when do you predict “we’re going to die”?
Do you know the difference between a statement attributed to you and a question asked of you. You see in a statement attributed to you I would quote your statement and give YOU a byline. In a question posed to you I would ask you for an answer in response to my INQUIRY. Do you see the difference?
Are you going to hold your breath until you turn blue now?
Do you understand making up an completely different idea and then attributing that idea to someone else?
Ask me a question about what I ACTUALLY stated, not something YOU invented that I said from which to base your question.
Or is that task too difficult for you, to actually base a question upon the person’s actual comment and context within which it was made?
And I have a question for you.
Of which .gov do you also belong?
Okay, here is what you actually stated:
The market also rallied before the Depression.
A recession is borne out by statistics after the fact. The reality of a recession is brought out by anecdotal evidence, during the fact.
222 posted on 03/17/2008 3:05:38 PM EDT by nicmarlo
So here's my question, based on what you actually stated: Do you think we are headed for a depression?
and
nicmarloantagonist.gov
inbedwiththefed.gov
benismycopilot.gov
LOL.
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