Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (5687)	7/6/2001 11:31:33 PM
From: Maurice Winn	Read Replies (1) of 74559

<The bleak statistics flowing from Japan (and provided by ISI) include: May's 0.3% decline in employment, to its lowest level in 10 years; industrial production plunging at an estimated 14.1% annual rate in the second quarter> I wouldn't want to buy real estate in that environment, even at 1% interest rates. Japan's population seems sure to fall constantly for decades, so there won't be density demand for real estate. They have finished their demographic growth. Now it is like a giant retirement village, with overseas investments [making cellphones in China, cars in Europe, and selling stuff all around the world]. I'm my own little Japanese retirement village, functioning in the same way. My production has dropped off hugely since stopping working. That's what people do when they are getting older and richer. I think you are not worried because you think the bit of inflation so far is just a lull before the financial storm which isn't blowing through the markets at full strength yet. Across the USA and the world, you think people are in blissful [if somewhat chastened by the market crunches, layoffs etc] ignorance, unaware of the impending financial shambles. Mqurice

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