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Strategies & Market Trends : Asia Forum
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To: Cynic 2005 who wrote (7154)10/16/1998 11:13:00 AM
From: Joseph Beltran   of 9980
 
Everyone - I was not being critical of the fed move. I was merely wondering aloud -in light of the losses incurred by banks in connection with hedge fund lending- whether u.s. banks will be "gun-shy" about lending... I agree that we were born to consume in this country and that every true-blooded, patriotic american needs a "mall fix" every two weeks or so...Given the nature of our consumer based economic model I think we stand a better chance of avoiding a recession under our circumstances than Japan's chances of getting out of its recession.

regards to all
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