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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (76298)	2/20/2000 4:59:00 PM
From: valueminded	Read Replies (2) of 132070

Mike: The issue with the printing press in Japan is government spending, the individuals save most everything. While you might make this trade work, I think it would be luck more than fundamentals. Japan still has a huge Debt problem to deal with. (Not that the US doesnt either) The problem (at least if you read Deflation by Shilling) is that when the debt load is mostly by government, they have a natural tendancy to inflate the debt away, if the debt is private, oh well fend for yourself. I would think that neither the YEN or the $ is going to fare well here. I like the Euro best, but not sure of the productivity numbers to be able to make a strong bet one way or another. Guess I have to stick with gold.

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