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 (7930)	8/29/2001 8:10:42 AM
From: Maurice Winn	Read Replies (1) of 74559

<What goes down will hopefully go up eventually ... such is the state of Japanese leadership ... I am hoping something got lost in the translation and the Finance Minister didn;t exactly mean what he supposedly said.> Jay, me too, but I suspect the common mistake people make is what he did. People often think "Heck, things are so bad they can only get better". That's totally false. The only absolute is zero. Things are never so bad that they can't get worse. Things only get better if people make things better. You know the Globalstar Effect - they try to make things better but don't know how to do it and things can trickle away to zero unless sense prevails and sensible actions are taken. I think you had a proverb along the lines of "when all other strategies have failed, the correct one will be tried". Japan now right back at 1980 levels in the Nikkei [which is not the case if adjusted into US$ of course and nobody seems to mention that]. Mqurice

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