Comments on: The soaring yen http://blogs.cfr.org/setser/2008/10/27/the-soaring-yen/ Sat, 21 Nov 2009 16:40:10 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: gillies http://blogs.cfr.org/setser/2008/10/27/the-soaring-yen/#comment-116649 gillies Wed, 29 Oct 2008 17:40:20 +0000 http://blogs.cfr.org/setser/?p=3946#comment-116649 40 dollar oil will be good for japan, surely. but the yen spike (if that is what it turns out to be) will be another event to teach us that we cannot all do the same thing at the same time . . . 40 dollar oil will be good for japan, surely.

but the yen spike (if that is what it turns out to be) will be another event to teach us that we cannot all do the same thing at the same time . . .

]]> By: gillies http://blogs.cfr.org/setser/2008/10/27/the-soaring-yen/#comment-116648 gillies Wed, 29 Oct 2008 17:31:58 +0000 http://blogs.cfr.org/setser/?p=3946#comment-116648 much as i benefit from reading this blog, it has certain weaknesses. the graph of the yen and the euro above performs a violent manoeuvre. volatility ? if that graph were an aeroplane, and the captain said "we are encountering some turbulence " - i would not believe him. i would be saying my prayers. the yen is the currency of japan. but don't let that stop us getting deep into chinese foreign policy, chinese financial prospects, or other personal obsessions. much as i benefit from reading this blog, it has certain weaknesses.

the graph of the yen and the euro above performs a violent manoeuvre. volatility ? if that graph were an aeroplane, and the captain said “we are encountering some turbulence ” – i would not believe him. i would be saying my prayers.

the yen is the currency of japan.

but don’t let that stop us getting deep into chinese foreign policy, chinese financial prospects, or other personal obsessions.

]]> By: XvonZ http://blogs.cfr.org/setser/2008/10/27/the-soaring-yen/#comment-116595 XvonZ Wed, 29 Oct 2008 04:40:14 +0000 http://blogs.cfr.org/setser/?p=3946#comment-116595 Johnny Rotten 1979: God save the Queen. Johnny Rotten 1979: God save the Queen.

]]> By: XvonZ http://blogs.cfr.org/setser/2008/10/27/the-soaring-yen/#comment-116594 XvonZ Wed, 29 Oct 2008 04:37:47 +0000 http://blogs.cfr.org/setser/?p=3946#comment-116594 Gordon Brown 2008: "It is to enable banks to start lending again by whatever means are necessary, and we will continue to discuss that with them." Malcolm X 1965: "We declare our right on this earth...to be a human being, to be respected as a human being, to be given the rights of a human being in this society, on this earth, in this day, which we intend to bring into existence by any means necessary." Jean Paul Sartre 1963: "I was not the one to invent lies: they were created in a society divided by class and each of us inherited lies when we were born. It is not by refusing to lie that we will abolish lies: it is by eradicating class by any means necessary." Gordon Brown 2008: “It is to enable banks to start lending again by whatever means are necessary, and we will continue to discuss that with them.”

Malcolm X 1965: “We declare our right on this earth…to be a human being, to be respected as a human being, to be given the rights of a human being in this society, on this earth, in this day, which we intend to bring into existence by any means necessary.”

Jean Paul Sartre 1963: “I was not the one to invent lies: they were created in a society divided by class and each of us inherited lies when we were born. It is not by refusing to lie that we will abolish lies: it is by eradicating class by any means necessary.”

]]> By: Judy Yeo http://blogs.cfr.org/setser/2008/10/27/the-soaring-yen/#comment-116590 Judy Yeo Wed, 29 Oct 2008 03:00:21 +0000 http://blogs.cfr.org/setser/?p=3946#comment-116590 Rien glad to know you're emerging unscathed from the current mess but honestly, maybe it's time to keep a low profile, remember bragging rights are worth as much as my insights (sorry, my insights are worth nothing) if some irate psycho about to lose his job is around you, safety first right? hmm, what's christmas gonna look like? before I forget, did anyone see Gordon Brown's consideration of the sale-and-leasback arrangement for houses/property owners in distress? what next, cars? Rien

glad to know you’re emerging unscathed from the current mess but honestly, maybe it’s time to keep a low profile, remember bragging rights are worth as much as my insights (sorry, my insights are worth nothing) if some irate psycho about to lose his job is around you, safety first right?

hmm, what’s christmas gonna look like?

before I forget, did anyone see Gordon Brown’s consideration of the sale-and-leasback arrangement for houses/property owners in distress? what next, cars?

]]> By: Twofish http://blogs.cfr.org/setser/2008/10/27/the-soaring-yen/#comment-116589 Twofish Wed, 29 Oct 2008 02:53:10 +0000 http://blogs.cfr.org/setser/?p=3946#comment-116589 Richman: If the present government of Taiwan is sufficiently pro-China, it could avoid the problem through a peacefully negotiated solution giving Taiwan similar independence as Hong Kong now has. Do you see any possibility of this? Not for another generation at the earliest. They are pro-China, but not pro-PRC. Taiwan already has more autonomy than Hong Kong ever did, and there is no point in negotiating that away. For now, everyone has come up with the very carefully crafted formula in which people agree to disagree. Americans have this weird idea that you can get everyone at a conference table and solve all of the problems of the world in one second, and live happily ever after. The world doesn't work that way. Richman: If the present government of Taiwan is sufficiently pro-China, it could avoid the problem through a peacefully negotiated solution giving Taiwan similar independence as Hong Kong now has. Do you see any possibility of this?

Not for another generation at the earliest. They are pro-China, but not pro-PRC. Taiwan already has more autonomy than Hong Kong ever did, and there is no point in negotiating that away. For now, everyone has come up with the very carefully crafted formula in which people agree to disagree.

Americans have this weird idea that you can get everyone at a conference table and solve all of the problems of the world in one second, and live happily ever after. The world doesn’t work that way.

]]> By: JKH http://blogs.cfr.org/setser/2008/10/27/the-soaring-yen/#comment-116585 JKH Wed, 29 Oct 2008 02:24:27 +0000 http://blogs.cfr.org/setser/?p=3946#comment-116585 My guess is that the trade finance component is quite important - there's been a lot reported lately about a freeze up in that market as well. These US branches probably do funding for that through CP issuance normally. My guess is that the trade finance component is quite important – there’s been a lot reported lately about a freeze up in that market as well. These US branches probably do funding for that through CP issuance normally.

]]> By: JKH http://blogs.cfr.org/setser/2008/10/27/the-soaring-yen/#comment-116584 JKH Wed, 29 Oct 2008 02:15:55 +0000 http://blogs.cfr.org/setser/?p=3946#comment-116584 Come to think of it, I believe a foreign bank can only issue US commercial paper (legally defined presumably) from a US branch. Come to think of it, I believe a foreign bank can only issue US commercial paper (legally defined presumably) from a US branch.

]]> By: JKH http://blogs.cfr.org/setser/2008/10/27/the-soaring-yen/#comment-116583 JKH Wed, 29 Oct 2008 02:12:56 +0000 http://blogs.cfr.org/setser/?p=3946#comment-116583 Kookmin also has a New York branch, apparently with similar activities. Kookmin also has a New York branch, apparently with similar activities.

]]> By: JKH http://blogs.cfr.org/setser/2008/10/27/the-soaring-yen/#comment-116581 JKH Wed, 29 Oct 2008 01:43:41 +0000 http://blogs.cfr.org/setser/?p=3946#comment-116581 Steve, From the KDB website, they have a New York branch with corporate banking, securities, trade finance, derivatives, and treasury activities. Probably quite enough to warrant a $ 800 million CP program. Steve,

From the KDB website, they have a New York branch with corporate banking, securities, trade finance, derivatives, and treasury activities.

Probably quite enough to warrant a $ 800 million CP program.

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