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Gold/Mining/Energy : Gold Price Monitor
GDXJ 101.44+3.5%4:00 PM EST

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To: ahhaha who wrote (66106)3/19/2001 10:52:27 AM
From: PAUL ROBERTSON  Read Replies (3) of 116756
 
the way i see it, their options are very limited. The USA is in the same position as Japan 10 years ago. Taxes must be slashed and the dollar must come down. The quicker this can be accomplished the better for america. It took the Japanese 10+ years to realize that the yen must come down while they fiddled and hoped that the global economy would pull them out of the muck as they spent good money after bad. Now they are in so deep.....the yen drop could cause huge missallocations throughout the area. With the tech boom now muted, the USA economy will continue to fall like a rock if the dollar stays at current levels. Lets see if the good old USofA needs any advice from Japan as the soup gets thicker. The US sure was full of advice when Japan was going through the soup. How the tables turn.
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