Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Broken_Clock who wrote (46254)	6/10/1999 8:12:00 PM
From: BigBull	Read Replies (1) of 95453

Japan recovery a "technical rebound"? Maybe, but what leads me to believe it just might be for real is that the rest of Asia is starting to recover quite rapidly now, and that consumer spending picked up in Japan over 1% for the period in question. Maybe the whole thing is 90 day wonder induced by govt. spending, but isn't that the whole idea behind Keynsian economics? Is not this the typical pattern in economic cycles? Govt. spending + fiscal stimulus = economic recovery. Remember Japanese short term rates got to near zero recently. It's been so long since the US had a normal business cycle that I think some may have forgotten what one looks like. Certainly the recoveries going on in Australia, Korea, New Zealand, India, Taiwan, Singapore, and Malaysia are not illusions, as that report on Japan suggests the Japanese recovery is. BTW Mainland China states they expect their economy to expand by 6-8%, but I take economic reports from communist governments with a huge grain of salt.

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