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Strategies & Market Trends : Guidance and Visibility

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To: Smart_Money who wrote (42938)	2/6/2002 6:19:54 PM
From: Teri Garner	Read Replies (3) of 208838

The Panic Spreads Benjamin Fulford, Forbes Magazine, 02.18.02 You can no longer safely shrug off Japan's economic crisis. It just might drag the world into a depression. The world--and even the previously sanguine Japanese--is now catching on to the fact that Japan's 12-year slump has deteriorated into a full-blown crisis, threatening a wild global ride. Falloffs in various indicators in the world's second-largest economy resemble the plunge of countries like the U.S. into the Great Depression of the 1930s. What about the theory that Japan is so rich a nation that it can buy its way out of a financial collapse? After all, it is said, the huge debt overhang from the country's rotten banking system and the actuarial deceit of its postal- and insurer-based retirement systems is just Japan owing itself. This is not Russia or Argentina or Thailand. No, it's not Russia or Argentina. It is potentially something far worse. forbes.com

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