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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Dave who wrote (3091)	5/10/2001 2:38:57 PM
From: Robert Douglas	Read Replies (3) of 3536

Japanese-style Downward Spiral, here we come! That's a bit drastic don't you think? The differences between 2001 U.S and 1990 Japan are so different that any comparison between the two is on pretty shaky ground. There are some imbalances in the U.S. economy right now. We've had a period of excess spending by consumers and excess investment by businesses, but these things are pretty ordinary compared to the excesses that Japan was suffering from a decade ago. After this slowdown/recession resolves the imbalances, the U.S. economy should resume real growth between 3 and 4%. There are a lot more things right with the economy than are wrong. I thought we were past the period when every slowdown was feared to be something that we could never come out of. I hope I haven't painted myself as a pessimist, I'm not.

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