Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 261.90

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Dec 26 9:30 AM EST

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To: Gottfried who wrote (51152)	8/26/2001 5:28:01 PM
From: Sun Tzu	of 70976

What load of crap! This is an example of people who are fighting the last battle and blindly draw misleading analogies. There is no comparison between US economy and Japan's, now or ever. For one thing, in the US there is a habit of cutting fat, fixing the problem quickly and getting on with it. And for another, we have a healthy banking system. And not to mention that unlike Japan, and with the exception of the Internuts, we never sacrificed profits for revenue growth. Which means we never built too much overcapacity. This is not to say that there is no overcapacity or that overcapacity is easy to fix. To be sure there are economic/business waves and cycles of varying intensity. An interesting book on the topic is The Great Wave. While the book identifies today (actually two years ago) as the end of long economic up cycle, far from foretelling the coming doom, it predicted that we may have long period prosperity where low inflation and low growth go hand in hand. Sun (it must be fun get paid for words you won't be accountable for) Tzu

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