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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: RR who wrote (45337)12/19/2001 9:14:16 AM
From: Jim Willie CB  Read Replies (5) of 65232
 
RR, how do you expect Japan to factor into US recovery?

they are leading Asia into a serious currency devaluation
that should cause difficult pricing for US firms competing
now I read of a possible indifference by US Central Bank as Japan attempts to bring about at least 10% jyen devaluation
but with the understanding of massive Japanese buying of USBonds
that will bring our silly higher bond rates down

interesting that the bond vigilantes have raised interest rates in the US due primarily to the unprecedented rise in US money supply
just the measure that cuts off the prospects of a recovery here
but I expect Japan to be eager buyers soon of our bonds

what is your take on the Japanese factor?
much appreciated
and a topic totally bypassed by both the US media and discussion groups
Japan is imploding, bankruptcies at colossal levels
China's emergence in mfg world is killing them
Japanese banks are hollowed out, walking dead
Japanese industry is at risk of being hollowed out also

curious on your views
/ jim
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