I will throw this into the fray, the Japan banking system/Government is totally out of control, because of the "Honor" they must hold in front of their people. Basicly, they are looking for the rest of the World to bail them out by buying more goods in strong economies and they have not caught on...that the ride is over. I am betting the FED will not raise ¾, but ½ at best. It could be time that our Gov. makes a statement. The Japan banking system has been wrong for so many years now, it is my opinion in the current World markets we have (not just stock markets), that the FED will not put too much pump in the US, because it is now time that Japan, needs to recognize and deal with their problems, in a World market. If the FED is strong on this we will not have a cut prior to FMOC. If they do, then it will drag Japan, trade deficit, EU, US, down eventually. We need to see a change in Japan before we go forward. A pump to US economy, will only add short term for US and fluf to Japan. I think we may be in a time when the FED will only allow stabilization here and show Japan, China, etc....listen to us or else, Bush may be willing to make this point, we cannot keep pumping air in the balloon to keep the entire planet floating.
JMHO |
