From paper dollar to vapor dollar

[Tom Walker]

>The dollar shed as much as half a percent against
>the yen after the Bank of Japan joined other
>central banks in easing monetary policy to calm
>markets and boost growth following last week's
>attacks on the U.S.

Not to put too fine a point on it, the dollar fell _after_ the BOJ reduced
its discount rate to one-tenth of one percent. Exchange controls, anyone?



Tom Walker
Bowen Island, BC
604 947 2213