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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (15859)12/21/1997 3:22:00 PM
From: Logain Ablar   of 50167
 
Ike:

Welcome back. On Japan. Not sure of the impacts but early in the year the government raised taxes and the economy reacted negatively (surprise, surprise). I forgot the amount of the increase but it doesn't appear the new cut offset the earlier increase.

Still bodes poorly for Japan (of course this is in hindsight from Fridays action).

I think the US is going to see some adverse problems next year from this. Cheaper imports, etc putting pricing pressure in US industries which impacts profits. GE, GM, Ford, CAT and a host of others.

Also, see my post to Ray on MSFT. I think they're going to have more trouble with Janet Reno than many think.

Tim
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