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Politics : Formerly About Advanced Micro Devices
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To: kapkan4u who wrote (112982)5/26/2000 2:33:00 PM
From: EricRR  Read Replies (2) of 1572258
 
<i Another big negative is Japan. The government bureaucrats have been wasting trillions on public works projects instead of cutting taxes. The deficit to GDP ratio is enormous and their structurally inefficient economy is stalling again. They will probably trigger Asian crisis #2, which coupled with high interest rates in US, will be very severe. /i>

I disgree about Japan. Their bureaucrats have screwed things up with Keynes' BS, but the economy though has so much unfufilled potential. All they need is some political backbone for major deregulation. Strip out all those damn distributers. Force open books, and dept write off. The place would take off.
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