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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (74839)	1/30/2000 1:59:00 AM
From: sammaster	Read Replies (1) of 132070

confused a little... statements: japan is refered to as the worlds lender japan government has a massive load of debt from trying fiscal stimulus japanese are savers japanese banks going bankrupt from bad loans... questions 1) japanese citizens themselves have big savings but the government is in huge debt? 2)banks making loans to the world because of the low interest rates which is why it is considered worlds banker? 3)japan not recovering because japanese citizens wont spend their money even though they have big savings? so what i undersand is that japanese have lots of money and savings and are not confident in their economy and are in recession and americans are in huge debt but are confident in their economy so are in a boom.... sounds like a confidence game to me...am i missing something? samir

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