Senator (Lindsey) Graham has not agreed to delay a vote on the China currency legislation. No decision has been made and any insinuation to the contrary is nothing more than uninformed speculation.
Japan's had a terrific run over 2005 -- the market was up 30-40 percent in local currency terms -- so some kind of correction was likely.
Japan's currency is not one that lacks flexibility.
Japanese interest rates continue to price in tightening from the Bank of Japan. We think it's a bit premature, but the currency market is taking notice.
When you're the world's banker, you really need to maintain the world's confidence in you and your currency. If you start telling creditors you're going to pay them back in currency that doesn't buy as much, they won't want to bank with you any more.
We believe the sale of a minority piece of this business to the public will create the currency needed to continue to build a top-flight senior management team and to make acquisitions and alliances, allowing us to grow this business even more aggressively going forward,
The amount of currency in circulation is not changing. The money supply is not changing in any significant way.
I think that China remains committed to greater flexibility in their currency and opening of their financial markets, ... It's an irreversible course and we think they're now in a position to move even faster.
I think a lot more people are starting to view gold as a currency of sorts and realize that in this uncertain geopolitical environment, they are fleeing to something that has always been a historical safe haven.
I think a really important thing for a lot of people who are fearful of going to a location for the first time is to get a little bit of currency before you go.