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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (16536)9/7/2000 10:11:26 AM
From: LLCF  Read Replies (1) of 436258
 
<Now, that they've announced the end of the government stimulus program, it can be expected that people will batten
their hatches and cut back on consumption for the tough times expected next year. Most of the stimulus for this year has already impacted the economy in the spring.>

Wait a second... I thought part of the big rally last year was because Asia, and Japan in particular were going to come out of recession and spend like nuts again!!

<They also have a much older population than the U.S. Zeroing out their interest rates also minimizes income to savers, such as the pensioners.>

Interesting story on NPR about 25-35 year olds in Japan living with parents so they'll have a little coing to spend. Some blame them for continued recession because they won't get out and buy a home.

DAK
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