Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (3534)	5/10/2001 11:25:12 AM
From: Mike M2	Read Replies (1) of 74559

CB, Japan's situation is instructive since it cannot be blamed on the gold standard nor trade restrictions. I blame it on credit excesses leading to malinvestment. The US continues to buy the world's surplus goods on credit but this cannot continue indefinitely. We ( the US) are just beginning to pay the price for our own credit excesses. Mike

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