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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: X Y Zebra who wrote (1725)	6/7/1999 11:16:00 PM
From: Chip McVickar	Read Replies (2) of 3536

Gastón, My thoughts keep coming back to a sense that the Japanese cultural archetype has put its' own stamp on the monetary problems of its country and people. They may after W.W.II have adopted western democratic government with its inherent balances of power....complete with capitalistic overtones, but they brought their own unique methods of power control and cronyism. I also believe it's their nationalistic pride that keeps them from cutting bait and moving on. They are a very unique people. IMO...there doesn't appear to be a great deal more that can happen.... IF debt unwinding can be handled in an orderly manner. This country just recently was able to bury billions of dollars of debt for the savings & loan industries. I hope Japan can do the same thing....SOON If not the the next step is another BRE-X..... I believe John Kenneth Galbraith has written one of the defining volumes on the USA's depression. He's one of Henry's most favorite authors and economists... <<Chuckle···Smile>> My Best Chip

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