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Strategies & Market Trends : Strictly: Drilling II
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To: t4texas who wrote (9551)3/19/2002 12:13:40 AM
From: Step1  Read Replies (1) of 36161
 
T, I think your assessment is essentially correct. Politically, the pols always react in the same way, especially so in Europe and Japan it seems. I would add that it will be interesting to see what the USA does when/if faced with similar conditions in the near future.

>>>

they may not be selling out the sumo wrestling in japan, but i continue to read anecdotal info
that things are not that bad for the average japanese. imho that is still because the
unemployment is still not that high in japan. as long as 95% of japanese who want a job have
a job, they seem to be slogging through the deflation. the job loss seems to be the key
politically. that is why the banks have kept so many essentially bankrupt companies on
financial life support. as more and more companies are getting tossed into bankruptcy,
unemployment has got to go up. then i think we will see some sparks fly and some solutions
come forth. <<<

Sumo now has other competition as a crowd drawer. Soccer is very popular and with the world cup approaching, it might have an effect on the present tournament. Osaka is the hardest hit of any industrial sector in Japan, with unemployement above 6%. The way stats are calculated in Japan, or so it is always said, it equals a 12% unemployed rate.

later

step1
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