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G is George, naturally. I especially liked the second suggestion, and had in fact anticipated it, but haven't received the forms yet. Really, compared to South Korea I'm asking for so little, I don't see how they can refuse.
More Dornbusch: ''It is not a problem for the U.S., it's a problem for Japan, because if they want their money back, then our Treasury will hold interest rates constant, that means we issue the money to pay the Japanese, as we issue the money, the dollar goes down, the yen goes up and Japan will die,'' Dornbusch told Reuters Financial Television...
''We do not have an unlimited lust for current account deficits''...
''Japan has a recession, Japan has deflation, printing money is what God ordered at this time''...
''Sure it's too optimistic. The IMF has to be professionally optimistic. They administer harsh discipline. Surely Korea is just starting, growth is being revised downward to near zero for 1998. Indonesia, half is optimistic. Thailand, minus is sure. So this isn't over. This is barely starting.''
I begin to be quite fond of Dornbusch. Funny guy.
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