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Politics : Ask Michael Burke

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To: Earlie who wrote (55822)	4/13/1999 3:22:00 PM
From: Mike M2	of 132070

Earlie, an important point to keep in mind when observing Japan's depression is it has not felt the impact of a US recession -yet . When the engines of growth in the US economy stall : debt fueled consumption and the wealth effect of the stock market " to whom will the Japanese sell their exports? . I agree with your depression comments there will be tough love for all. Nice job on CPQ - it is nice to see quality analysis pay off for a change. Mike

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