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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

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Dec 24 12:59 PM EST

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To: Wyätt Gwyön who wrote (48999)	2/16/2001 7:13:30 PM
From: Eric	Read Replies (2) of 77400

MM The problem in Japan is nobody is borrowing money. Their bank lending rate is less than 1%! Money there is practically free to use! The 45 and up generations are saving like mad and that is where the bulk of savings are going. The young are spending a lot more but they don't have very much savings power. The upshot.. they can't seem to get out of their recession, and they face some very serious problems going forward taking care of their older generations. Where is the growth in their economy? They are even more taxed than we are. Where is all the money going? If you look at their labor costs vs ours it is very telling. It's funny that we thought they were the leaders of the financial world 20 years ago. The truth is much more telling. Japan is a paper tiger. Eric

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